For saleCondo
$117,900
6423 Colony Way Apt 3L
Edina MN 55435
1 bed, 1 bath, 706 sqft
6423 Colony Way Apt 3L is a 1 bed, 1 bath, 706 sqft condo home for sale at $117,900 in Edina MN 55435. At 20% down it rents for an estimated $1,350/mo and returns $119/mo a month at a 7.7% 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
- $1,350/mo
- Monthly cash flow
- $119/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 6.1%
- Max offer
- $113,000
Offer ≤ $113,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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