For saleCondo
$259,900
12727 Collegeview Dr Apt 203
Eden Prairie MN 55347
3 beds, 2 baths, 1,319 sqft
12727 Collegeview Dr Apt 203 is a 3 beds, 2 baths, 1,319 sqft condo home for sale at $259,900 in Eden Prairie MN 55347. At 20% down it rents for an estimated $2,275/mo and returns $81/mo a month at a 6.9% 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
- $2,275/mo
- Monthly cash flow
- $81/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.9%
- Max offer
- $226,000
Offer ≤ $226,000 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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