For saleCondo
$155,000
6615 Lake Shore Dr S Apt 917
Richfield MN 55423
2 beds, 2 baths, 1,190 sqft
6615 Lake Shore Dr S Apt 917 is a 2 beds, 2 baths, 1,190 sqft condo home for sale at $155,000 in Richfield MN 55423. At 20% down it rents for an estimated $1,775/mo and returns $149/mo a month at a 7.8% 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
- $1,775/mo
- Monthly cash flow
- $149/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.7%
- Max offer
- $147,500
Offer ≤ $147,500 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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