For saleTownhouse
$379,900
18300 Creeks Bend Dr
Minnetonka MN 55345
3 beds, 2 baths, 1,755 sqft
18300 Creeks Bend Dr is a 3 beds, 2 baths, 1,755 sqft townhouse home for sale at $379,900 in Minnetonka MN 55345. At 20% down it rents for an estimated $2,500/mo and returns -$373/mo a month at a 5.5% 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
- $2,500/mo
- Monthly cash flow
- -$373/mo
- Cap rate
- 5.5%
- Cash-on-cash
- -5.9%
- Max offer
- $270,500
Offer ≤ $270,500 (29% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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