For saleCondo
$130,000
7316 W 22nd St Apt 305
Saint Louis Park MN 55426
1 bed, 1 bath, 750 sqft
7316 W 22nd St Apt 305 is a 1 bed, 1 bath, 750 sqft condo home for sale at $130,000 in Saint Louis Park MN 55426. At 20% down it rents for an estimated $1,400/mo and returns $76/mo a month at a 7.4% 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
- $1,400/mo
- Monthly cash flow
- $76/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.5%
- Max offer
- $117,500
Offer ≤ $117,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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