For saleSingle family
$389,000
5530 Wedgewood Dr
Shorewood MN 55331
3 beds, 2 baths, 1,452 sqft
5530 Wedgewood Dr is a 3 beds, 2 baths, 1,452 sqft single family home for sale at $389,000 in Shorewood MN 55331. At 20% down it rents for an estimated $2,850/mo and returns $73/mo a month at a 6.9% 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
- $2,850/mo
- Monthly cash flow
- $73/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.1%
- Max offer
- $336,500
Offer ≤ $336,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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