For saleCondo
$80,000
6615 Lake Shore Dr S Apt 607
Richfield MN 55423
1 bed, 1 bath, 793 sqft
6615 Lake Shore Dr S Apt 607 is a 1 bed, 1 bath, 793 sqft condo home for sale at $80,000 in Richfield MN 55423. At 20% down it rents for an estimated $1,500/mo and returns $285/mo a month at a 10.9% 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
- $1,500/mo
- Monthly cash flow
- $285/mo
- Cap rate
- 10.9%
- Cash-on-cash
- 21.3%
- Max offer
- $80,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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