For saleSingle family
$425,000
4040 Merriam Rd
Minnetonka MN 55305
3 beds, 2 baths, 2,100 sqft
4040 Merriam Rd is a 3 beds, 2 baths, 2,100 sqft single family home for sale at $425,000 in Minnetonka MN 55305. At 20% down it rents for an estimated $2,250/mo and returns -$784/mo a month at a 4.5% 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
- $2,250/mo
- Monthly cash flow
- -$784/mo
- Cap rate
- 4.5%
- Cash-on-cash
- -11.1%
- Max offer
- $266,500
Offer ≤ $266,500 (37% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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