For saleCondo
$134,000
350 Shelard Pkwy Unit 206
Saint Louis Park MN 55426
1 bed, 1 bath, 800 sqft
350 Shelard Pkwy Unit 206 is a 1 bed, 1 bath, 800 sqft condo home for sale at $134,000 in Saint Louis Park MN 55426. At 20% down it rents for an estimated $1,400/mo and returns $137/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
- $1,400/mo
- Monthly cash flow
- $137/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.1%
- Max offer
- $128,500
Offer ≤ $128,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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