For saleCondo
$225,000
10511 Cedar Lake Rd Apt 502
Minnetonka MN 55305
2 beds, 2 baths, 1,412 sqft
10511 Cedar Lake Rd Apt 502 is a 2 beds, 2 baths, 1,412 sqft condo home for sale at $225,000 in Minnetonka MN 55305. At 20% down it rents for an estimated $1,675/mo and returns -$422/mo a month at a 4.4% 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
- $1,675/mo
- Monthly cash flow
- -$422/mo
- Cap rate
- 4.4%
- Cash-on-cash
- -11.3%
- Max offer
- $135,500
Offer ≤ $135,500 (40% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading