For saleSingle family
$399,500
10605 Belmont Rd
Minnetonka MN 55305
1 bed, 1 bath, 1,350 sqft
10605 Belmont Rd is a 1 bed, 1 bath, 1,350 sqft single family home for sale at $399,500 in Minnetonka MN 55305. At 20% down it rents for an estimated $1,350/mo and returns -$1,502/mo a month at a 2.2% 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
- $1,350/mo
- Monthly cash flow
- -$1,502/mo
- Cap rate
- 2.2%
- Cash-on-cash
- -22.6%
- Max offer
- $160,500
Offer ≤ $160,500 (60% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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