For saleCondo
$199,900
6030 Chasewood Pkwy Apt 201
Minnetonka MN 55343
2 beds, 2 baths, 1,096 sqft
6030 Chasewood Pkwy Apt 201 is a 2 beds, 2 baths, 1,096 sqft condo home for sale at $199,900 in Minnetonka MN 55343. At 20% down it rents for an estimated $1,875/mo and returns $45/mo a month at a 6.8% 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
- $1,875/mo
- Monthly cash flow
- $45/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.3%
- Max offer
- $171,500
Offer ≤ $171,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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