For saleCondo
$114,900
4120 Parklawn Ave Apt 222
Edina MN 55435
2 beds, 2 baths, 1,084 sqft
4120 Parklawn Ave Apt 222 is a 2 beds, 2 baths, 1,084 sqft condo home for sale at $114,900 in Edina MN 55435. At 20% down it rents for an estimated $1,800/mo and returns $74/mo a month at a 7.4% 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
- $1,800/mo
- Monthly cash flow
- $74/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.9%
- Max offer
- $105,000
Offer ≤ $105,000 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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