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 $1,300/mo and returns $214/mo a month at a 9.4% 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
- $1,300/mo
- Monthly cash flow
- $214/mo
- Cap rate
- 9.4%
- Cash-on-cash
- 13.6%
- Max offer
- $94,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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