For saleCondo
$299,000
215 Barry Ave S Apt 202
Wayzata MN 55391
2 beds, 1 bath, 875 sqft
215 Barry Ave S Apt 202 is a 2 beds, 1 bath, 875 sqft condo home for sale at $299,000 in Wayzata MN 55391. At 20% down it rents for an estimated $1,800/mo and returns -$728/mo a month at a 3.7% 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
- $1,800/mo
- Monthly cash flow
- -$728/mo
- Cap rate
- 3.7%
- Cash-on-cash
- -14.6%
- Max offer
- $159,000
Offer ≤ $159,000 (47% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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