For saleSingle family
$399,900
16419 Seymour Dr
Minnetonka MN 55345
3 beds, 1 bath, 1,509 sqft
16419 Seymour Dr is a 3 beds, 1 bath, 1,509 sqft single family home for sale at $399,900 in Minnetonka MN 55345. At 20% down it rents for an estimated $3,000/mo and returns $145/mo a month at a 7.1% 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
- $3,000/mo
- Monthly cash flow
- $145/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.2%
- Max offer
- $354,000
Offer ≤ $354,000 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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