For saleCondo
$119,900
400 Shelard Pkwy Unit 203
Saint Louis Park MN 55426
1 bed, 1 bath, 840 sqft
400 Shelard Pkwy Unit 203 is a 1 bed, 1 bath, 840 sqft condo home for sale at $119,900 in Saint Louis Park MN 55426. At 20% down it rents for an estimated $1,375/mo and returns $159/mo a month at a 8.1% 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
- $1,375/mo
- Monthly cash flow
- $159/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 8.0%
- Max offer
- $119,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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