For saleCondo
$120,000
10311 Cedar Lake Rd Apt 313
Minnetonka MN 55305
1 bed, 1 bath, 812 sqft
10311 Cedar Lake Rd Apt 313 is a 1 bed, 1 bath, 812 sqft condo home for sale at $120,000 in Minnetonka MN 55305. At 20% down it rents for an estimated $1,400/mo and returns $43/mo a month at a 7.1% 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
- $1,400/mo
- Monthly cash flow
- $43/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.2%
- Max offer
- $105,500
Offer ≤ $105,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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