For saleCondo
$159,899
1321 Lake Dr W Apt 329
Chanhassen MN 55317
1 bed, 1 bath, 918 sqft
1321 Lake Dr W Apt 329 is a 1 bed, 1 bath, 918 sqft condo home for sale at $159,899 in Chanhassen MN 55317. At 20% down it rents for an estimated $1,650/mo and returns $86/mo a month at a 7.2% 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
- $1,650/mo
- Monthly cash flow
- $86/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.2%
- Max offer
- $143,500
Offer ≤ $143,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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