For saleCondo
$149,900
10521 Cedar Lake Rd Apt 411
Minnetonka MN 55305
2 beds, 2 baths, 1,192 sqft
10521 Cedar Lake Rd Apt 411 is a 2 beds, 2 baths, 1,192 sqft condo home for sale at $149,900 in Minnetonka MN 55305. At 20% down it rents for an estimated $1,675/mo and returns $119/mo a month at a 7.6% 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
- $1,675/mo
- Monthly cash flow
- $119/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.7%
- Max offer
- $139,500
Offer ≤ $139,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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