For saleCondo
$189,900
5998 Chasewood Pkwy Apt 2
Minnetonka MN 55343
2 beds, 2 baths, 1,096 sqft
5998 Chasewood Pkwy Apt 2 is a 2 beds, 2 baths, 1,096 sqft condo home for sale at $189,900 in Minnetonka MN 55343. At 20% down it rents for an estimated $1,850/mo and returns $85/mo a month at a 7.1% 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
- $1,850/mo
- Monthly cash flow
- $85/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.7%
- Max offer
- $168,500
Offer ≤ $168,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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