For saleCondo
$250,000
6600 Lyndale Ave S Apt 308
Richfield MN 55423
2 beds, 2 baths, 1,202 sqft
6600 Lyndale Ave S Apt 308 is a 2 beds, 2 baths, 1,202 sqft condo home for sale at $250,000 in Richfield MN 55423. At 20% down it rents for an estimated $1,775/mo and returns -$1,196/mo a month at a 0.9% 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
- -$1,196/mo
- Cap rate
- 0.9%
- Cash-on-cash
- -28.7%
- Max offer
- $60,000
Offer ≤ $60,000 (76% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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