For saleCondo
$309,000
3030 Saint Albans Mill Rd Apt 211
Minnetonka MN 55305
1 bed, 2 baths, 1,012 sqft
3030 Saint Albans Mill Rd Apt 211 is a 1 bed, 2 baths, 1,012 sqft condo home for sale at $309,000 in Minnetonka MN 55305. At 20% down it rents for an estimated $1,250/mo and returns -$1,389/mo a month at a 1.3% 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
- $1,250/mo
- Monthly cash flow
- -$1,389/mo
- Cap rate
- 1.3%
- Cash-on-cash
- -27.0%
- Max offer
- $85,500
Offer ≤ $85,500 (72% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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