For saleSingle family
$369,000
19002 Old Excelsior Blvd
Minnetonka MN 55345
3 beds, 2 baths, 1,313 sqft
19002 Old Excelsior Blvd is a 3 beds, 2 baths, 1,313 sqft single family home for sale at $369,000 in Minnetonka MN 55345. At 20% down it rents for an estimated $3,000/mo and returns $366/mo a month at a 7.9% 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
- $3,000/mo
- Monthly cash flow
- $366/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 5.9%
- Max offer
- $354,000
Offer ≤ $354,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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