For saleCondo
$204,707
4860 Park Commons Dr Apt 309
Saint Louis Park MN 55416
2 beds, 2 baths, 1,020 sqft
4860 Park Commons Dr Apt 309 is a 2 beds, 2 baths, 1,020 sqft condo home for sale at $204,707 in Saint Louis Park MN 55416. At 20% down it rents for an estimated $1,675/mo and returns -$300/mo a month at a 4.9% 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
- $1,675/mo
- Monthly cash flow
- -$300/mo
- Cap rate
- 4.9%
- Cash-on-cash
- -8.8%
- Max offer
- $133,500
Offer ≤ $133,500 (35% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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