For saleSingle family
$600,000
1922 Oakland Rd
Minnetonka MN 55305
3 beds, 2 baths, 2,242 sqft
1922 Oakland Rd is a 3 beds, 2 baths, 2,242 sqft single family home for sale at $600,000 in Minnetonka MN 55305. At 20% down it rents for an estimated $2,725/mo and returns -$1,558/mo a month at a 3.5% 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
- $2,725/mo
- Monthly cash flow
- -$1,558/mo
- Cap rate
- 3.5%
- Cash-on-cash
- -15.6%
- Max offer
- $323,000
Offer ≤ $323,000 (46% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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