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 $1,575/mo and returns $329/mo a month at a 10.0% 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
- $329/mo
- Cap rate
- 10.0%
- Cash-on-cash
- 16.8%
- Max offer
- $117,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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