For saleMulti-family
$600,000
12216 Pioneer Rd
Minnetonka MN 55343
8 beds, 3 baths, 3,590 sqft
12216 Pioneer Rd is a 8 beds, 3 baths, 3,590 sqft multi-family home for sale at $600,000 in Minnetonka MN 55343. At 20% down it rents for an estimated $4,750/mo and returns $542/mo a month at a 7.6% 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
- $4,750/mo
- Monthly cash flow
- $542/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 5.4%
- Max offer
- $569,000
Offer ≤ $569,000 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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