For saleCondo
$234,900
3012 Lake Shore Dr Unit B
Minneapolis MN 55416
2 beds, 1 bath, 964 sqft
3012 Lake Shore Dr Unit B is a 2 beds, 1 bath, 964 sqft condo home for sale at $234,900 in Minneapolis MN 55416. At 20% down it rents for an estimated $2,325/mo and returns $171/mo a month at a 7.5% 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
- $2,325/mo
- Monthly cash flow
- $171/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.4%
- Max offer
- $217,000
Offer ≤ $217,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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