For saleCondo
$1,795,000
222 Ferndale Rd S Unit 304
Wayzata MN 55391
2 beds, 2.5 baths, 2,220 sqft
222 Ferndale Rd S Unit 304 is a 2 beds, 2.5 baths, 2,220 sqft condo home for sale at $1,795,000 in Wayzata MN 55391. At 20% down it rents for an estimated $1,925/mo and returns -$10,959/mo a month at a -0.7% 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
- $1,925/mo
- Monthly cash flow
- -$10,959/mo
- Cap rate
- -0.7%
- Cash-on-cash
- -36.6%
- Max offer
- $132,000
Offer ≤ $132,000 (93% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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