For saleCondo
$229,900
3026 Lake Shore Dr Unit B
Minneapolis MN 55416
2 beds, 1 bath, 840 sqft
3026 Lake Shore Dr Unit B is a 2 beds, 1 bath, 840 sqft condo home for sale at $229,900 in Minneapolis MN 55416. At 20% down it rents for an estimated $2,225/mo and returns $276/mo a month at a 8.0% 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
- $2,225/mo
- Monthly cash flow
- $276/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 7.2%
- Max offer
- $226,000
Offer ≤ $226,000 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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