For saleCondo
$199,900
7602 York Ave S Apt 7111
Edina MN 55435
2 beds, 2 baths, 1,000 sqft
7602 York Ave S Apt 7111 is a 2 beds, 2 baths, 1,000 sqft condo home for sale at $199,900 in Edina MN 55435. At 20% down it rents for an estimated $1,600/mo and returns -$435/mo a month at a 4.1% 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
- $1,600/mo
- Monthly cash flow
- -$435/mo
- Cap rate
- 4.1%
- Cash-on-cash
- -13.1%
- Max offer
- $112,500
Offer ≤ $112,500 (44% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading