For saleCondo
$165,000
5980 Chasewood Pkwy Apt 102
Minnetonka MN 55343
1 bed, 1 bath, 896 sqft
5980 Chasewood Pkwy Apt 102 is a 1 bed, 1 bath, 896 sqft condo home for sale at $165,000 in Minnetonka MN 55343. At 20% down it rents for an estimated $1,600/mo and returns $105/mo a month at a 7.3% 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
- $1,600/mo
- Monthly cash flow
- $105/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.8%
- Max offer
- $150,500
Offer ≤ $150,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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