For saleCondo
$119,000
4101 Parklawn Ave Apt 316
Edina MN 55435
1 bed, 1 bath, 787 sqft
4101 Parklawn Ave Apt 316 is a 1 bed, 1 bath, 787 sqft condo home for sale at $119,000 in Edina MN 55435. At 20% down it rents for an estimated $1,575/mo and returns $58/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
- $1,575/mo
- Monthly cash flow
- $58/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.9%
- Max offer
- $106,000
Offer ≤ $106,000 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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