For saleCondo
$287,000
5985 Rowland Rd Apt 308
Minnetonka MN 55343
2 beds, 2 baths, 1,347 sqft
5985 Rowland Rd Apt 308 is a 2 beds, 2 baths, 1,347 sqft condo home for sale at $287,000 in Minnetonka MN 55343. At 20% down it rents for an estimated $1,775/mo and returns -$662/mo a month at a 3.9% 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
- $1,775/mo
- Monthly cash flow
- -$662/mo
- Cap rate
- 3.9%
- Cash-on-cash
- -13.8%
- Max offer
- $157,500
Offer ≤ $157,500 (45% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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