For saleSingle family
$830,000
6518 Gleason Ct
Edina MN 55436
3 beds, 3.5 baths, 3,856 sqft
6518 Gleason Ct is a 3 beds, 3.5 baths, 3,856 sqft single family home for sale at $830,000 in Edina MN 55436. At 20% down it rents for an estimated $2,450/mo and returns -$3,475/mo a month at a 1.6% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $2,450/mo
- Monthly cash flow
- -$3,475/mo
- Cap rate
- 1.6%
- Cash-on-cash
- -25.1%
- Max offer
- $292,500
Offer ≤ $292,500 (65% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading