For saleSingle family
$965,000
5708 Glen Ave
Minnetonka MN 55345
5 beds, 2.5 baths, 3,323 sqft
5708 Glen Ave is a 5 beds, 2.5 baths, 3,323 sqft single family home for sale at $965,000 in Minnetonka MN 55345. At 20% down it rents for an estimated $3,425/mo and returns -$3,464/mo a month at a 2.4% 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
- $3,425/mo
- Monthly cash flow
- -$3,464/mo
- Cap rate
- 2.4%
- Cash-on-cash
- -21.5%
- Max offer
- $407,500
Offer ≤ $407,500 (58% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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