For saleSingle family
$1,299,000
14629 Lake Street Ext
Minnetonka MN 55345
5 beds, 5 baths, 4,586 sqft
14629 Lake Street Ext is a 5 beds, 5 baths, 4,586 sqft single family home for sale at $1,299,000 in Minnetonka MN 55345. At 20% down it rents for an estimated $3,725/mo and returns -$5,548/mo a month at a 1.5% 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
- $3,725/mo
- Monthly cash flow
- -$5,548/mo
- Cap rate
- 1.5%
- Cash-on-cash
- -25.6%
- Max offer
- $445,000
Offer ≤ $445,000 (66% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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