For saleCondo
$1,350,000
603 Lake St Unit 307
Excelsior MN 55331
3 beds, 2 baths, 2,036 sqft
603 Lake St Unit 307 is a 3 beds, 2 baths, 2,036 sqft condo home for sale at $1,350,000 in Excelsior MN 55331. At 20% down it rents for an estimated $2,600/mo and returns -$7,053/mo a month at a 0.4% 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
- $2,600/mo
- Monthly cash flow
- -$7,053/mo
- Cap rate
- 0.4%
- Cash-on-cash
- -31.3%
- Max offer
- $252,000
Offer ≤ $252,000 (81% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading