For saleCondo
$184,900
7631 Edinborough Way Apt 5213
Edina MN 55435
2 beds, 1 bath, 850 sqft
7631 Edinborough Way Apt 5213 is a 2 beds, 1 bath, 850 sqft condo home for sale at $184,900 in Edina MN 55435. At 20% down it rents for an estimated $1,800/mo and returns $40/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
- $1,800/mo
- Monthly cash flow
- $40/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.3%
- Max offer
- $158,500
Offer ≤ $158,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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