For saleCondo
$199,900
6421 Colony Way Apt 2B
Edina MN 55435
2 beds, 1.5 baths, 1,040 sqft
6421 Colony Way Apt 2B is a 2 beds, 1.5 baths, 1,040 sqft condo home for sale at $199,900 in Edina MN 55435. At 20% down it rents for an estimated $2,075/mo and returns $208/mo a month at a 7.9% 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
- $2,075/mo
- Monthly cash flow
- $208/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.2%
- Max offer
- $192,500
Offer ≤ $192,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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