For saleTownhouse
$369,900
9820 Cove Dr
Minnetonka MN 55305
3 beds, 3 baths, 2,145 sqft
9820 Cove Dr is a 3 beds, 3 baths, 2,145 sqft townhouse home for sale at $369,900 in Minnetonka MN 55305. At 20% down it rents for an estimated $2,025/mo and returns -$863/mo a month at a 3.9% 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
- $2,025/mo
- Monthly cash flow
- -$863/mo
- Cap rate
- 3.9%
- Cash-on-cash
- -14.0%
- Max offer
- $201,500
Offer ≤ $201,500 (46% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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