For saleCondo
$195,000
1321 Lake Dr W Apt 123
Chanhassen MN 55317
2 beds, 2 baths, 1,009 sqft
1321 Lake Dr W Apt 123 is a 2 beds, 2 baths, 1,009 sqft condo home for sale at $195,000 in Chanhassen MN 55317. At 20% down it rents for an estimated $2,275/mo and returns $357/mo a month at a 8.9% 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
- $2,275/mo
- Monthly cash flow
- $357/mo
- Cap rate
- 8.9%
- Cash-on-cash
- 11.0%
- Max offer
- $195,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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