For saleCondo
$59,900
6615 Lake Shore Dr S Apt 115
Richfield MN 55423
1 bed, 1 bath, 655 sqft
6615 Lake Shore Dr S Apt 115 is a 1 bed, 1 bath, 655 sqft condo home for sale at $59,900 in Richfield MN 55423. At 20% down it rents for an estimated $1,325/mo and returns $341/mo a month at a 13.4% 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
- $1,325/mo
- Monthly cash flow
- $341/mo
- Cap rate
- 13.4%
- Cash-on-cash
- 34.2%
- Max offer
- $59,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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