Pending saleSingle family
$375,000
21175 Minnetonka Blvd
Shorewood MN 55331
2 beds, 1 bath, 1,156 sqft
21175 Minnetonka Blvd is a 2 beds, 1 bath, 1,156 sqft single family home pending sale at $375,000 in Shorewood MN 55331. At 20% down it rents for an estimated $2,200/mo and returns -$477/mo a month at a 5.1% 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
- $2,200/mo
- Monthly cash flow
- -$477/mo
- Cap rate
- 5.1%
- Cash-on-cash
- -7.6%
- Max offer
- $260,000
Offer ≤ $260,000 (31% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading