For saleSingle family
$797,000
8404 Waters Edge Dr
Chanhassen MN 55317
2 beds, 1 bath, 1,056 sqft
8404 Waters Edge Dr is a 2 beds, 1 bath, 1,056 sqft single family home for sale at $797,000 in Chanhassen MN 55317. At 20% down it rents for an estimated $2,050/mo and returns -$3,640/mo a month at a 1.2% 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
- $2,050/mo
- Monthly cash flow
- -$3,640/mo
- Cap rate
- 1.2%
- Cash-on-cash
- -27.4%
- Max offer
- $245,500
Offer ≤ $245,500 (69% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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