For saleCondo
$235,000
6600 Lyndale Ave S Apt 508
Richfield MN 55423
2 beds, 2 baths, 1,138 sqft
6600 Lyndale Ave S Apt 508 is a 2 beds, 2 baths, 1,138 sqft condo home for sale at $235,000 in Richfield MN 55423. At 20% down it rents for an estimated $1,700/mo and returns $52/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
- $1,700/mo
- Monthly cash flow
- $52/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.3%
- Max offer
- $201,500
Offer ≤ $201,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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