For saleCondo
$125,000
4400 Cedar Lake Rd S Apt 3
Saint Louis Park MN 55416
2 beds, 2 baths, 1,008 sqft
4400 Cedar Lake Rd S Apt 3 is a 2 beds, 2 baths, 1,008 sqft condo home for sale at $125,000 in Saint Louis Park MN 55416. At 20% down it rents for an estimated $1,500/mo and returns $33/mo a month at a 7.0% 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
- $1,500/mo
- Monthly cash flow
- $33/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 1.6%
- Max offer
- $108,000
Offer ≤ $108,000 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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