For saleCondo
$89,000
6423 Colony Way Apt 1B
Edina MN 55435
1 bed, 1 bath, 706 sqft
6423 Colony Way Apt 1B is a 1 bed, 1 bath, 706 sqft condo home for sale at $89,000 in Edina MN 55435. At 20% down it rents for an estimated $1,575/mo and returns $259/mo a month at a 10.2% 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
- $1,575/mo
- Monthly cash flow
- $259/mo
- Cap rate
- 10.2%
- Cash-on-cash
- 17.5%
- Max offer
- $89,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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