For saleSingle family
$710,000
3709 Cedar Lake Rd S
Minneapolis MN 55416
3 beds, 2 baths, 1,800 sqft
3709 Cedar Lake Rd S is a 3 beds, 2 baths, 1,800 sqft single family home for sale at $710,000 in Minneapolis MN 55416. At 20% down it rents for an estimated $2,000/mo and returns -$3,069/mo a month at a 1.5% 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
- $2,000/mo
- Monthly cash flow
- -$3,069/mo
- Cap rate
- 1.5%
- Cash-on-cash
- -25.9%
- Max offer
- $239,000
Offer ≤ $239,000 (66% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading