For saleCondo

$214,900

14302 Fairway Dr

Eden Prairie MN 55344

3 beds, 2 baths, 1,567 sqft

14302 Fairway Dr is a 3 beds, 2 baths, 1,567 sqft condo home for sale at $214,900 in Eden Prairie MN 55344. At 20% down it rents for an estimated $2,150/mo and returns $190/mo a month at a 7.6% 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
$2,150/mo
Monthly cash flow
$190/mo
Cap rate
7.6%
Cash-on-cash
5.3%
Max offer
$202,500

Offer ≤ $202,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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