For saleSingle family
$409,900
18815 South Ln
Minnetonka MN 55345
4 beds, 2 baths, 1,693 sqft
18815 South Ln is a 4 beds, 2 baths, 1,693 sqft single family home for sale at $409,900 in Minnetonka MN 55345. At 20% down it rents for an estimated $3,350/mo and returns $424/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
- $3,350/mo
- Monthly cash flow
- $424/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.2%
- Max offer
- $395,000
Offer ≤ $395,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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