For saleCondo
$99,900
6615 Lake Shore Dr S Apt 302
Richfield MN 55423
2 beds, 1 bath, 950 sqft
6615 Lake Shore Dr S Apt 302 is a 2 beds, 1 bath, 950 sqft condo home for sale at $99,900 in Richfield MN 55423. At 20% down it rents for an estimated $1,700/mo and returns $292/mo a month at a 10.0% 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
- $1,700/mo
- Monthly cash flow
- $292/mo
- Cap rate
- 10.0%
- Cash-on-cash
- 17.5%
- Max offer
- $99,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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