For saleCondo
$240,000
4625 Minnetonka Blvd Apt 202
Saint Louis Park MN 55416
2 beds, 2 baths, 1,092 sqft
4625 Minnetonka Blvd Apt 202 is a 2 beds, 2 baths, 1,092 sqft condo home for sale at $240,000 in Saint Louis Park MN 55416. At 20% down it rents for an estimated $1,550/mo and returns -$706/mo a month at a 3.1% 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
- $1,550/mo
- Monthly cash flow
- -$706/mo
- Cap rate
- 3.1%
- Cash-on-cash
- -17.7%
- Max offer
- $112,500
Offer ≤ $112,500 (53% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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