For saleCondo
$94,500
6650 Vernon Ave S Apt 409
Edina MN 55436
1 bath, 554 sqft
6650 Vernon Ave S Apt 409 is a 1 bath, 554 sqft condo home for sale at $94,500 in Edina MN 55436. At 20% down it rents for an estimated $1,150/mo and returns $76/mo a month at a 7.5% 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
- $1,150/mo
- Monthly cash flow
- $76/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.8%
- Max offer
- $88,000
Offer ≤ $88,000 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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