For saleCondo
$245,000
6115 Lincoln Dr Apt 353
Edina MN 55436
2 beds, 2 baths, 1,360 sqft
6115 Lincoln Dr Apt 353 is a 2 beds, 2 baths, 1,360 sqft condo home for sale at $245,000 in Edina MN 55436. At 20% down it rents for an estimated $1,600/mo and returns -$1,025/mo a month at a 1.6% 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
- $1,600/mo
- Monthly cash flow
- -$1,025/mo
- Cap rate
- 1.6%
- Cash-on-cash
- -25.1%
- Max offer
- $77,500
Offer ≤ $77,500 (68% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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