For saleCondo
$54,900
6615 Lake Shore Dr S Apt 116
Richfield MN 55423
1 bed, 1 bath, 760 sqft
6615 Lake Shore Dr S Apt 116 is a 1 bed, 1 bath, 760 sqft condo home for sale at $54,900 in Richfield MN 55423. At 20% down it rents for an estimated $1,500/mo and returns $479/mo a month at a 17.1% 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
- $1,500/mo
- Monthly cash flow
- $479/mo
- Cap rate
- 17.1%
- Cash-on-cash
- 52.4%
- Max offer
- $54,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading