For saleSingle family
$1,750,000
3021 Lake Shore Blvd
Minnetonka MN 55391
4 beds, 4 baths, 2,834 sqft
3021 Lake Shore Blvd is a 4 beds, 4 baths, 2,834 sqft single family home for sale at $1,750,000 in Minnetonka MN 55391. At 20% down it rents for an estimated $3,575/mo and returns -$8,918/mo a month at a 0.6% 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
- $3,575/mo
- Monthly cash flow
- -$8,918/mo
- Cap rate
- 0.6%
- Cash-on-cash
- -30.6%
- Max offer
- $430,500
Offer ≤ $430,500 (75% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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