For saleCondo
$110,000
4442 Cedar Lake Rd S Apt 7
Saint Louis Park MN 55416
1 bed, 1 bath, 768 sqft
4442 Cedar Lake Rd S Apt 7 is a 1 bed, 1 bath, 768 sqft condo home for sale at $110,000 in Saint Louis Park MN 55416. At 20% down it rents for an estimated $1,300/mo and returns $118/mo a month at a 7.8% 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
- $1,300/mo
- Monthly cash flow
- $118/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.4%
- Max offer
- $106,000
Offer ≤ $106,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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