For saleCondo
$159,900
10311 Cedar Lake Rd Apt 103
Minnetonka MN 55305
2 beds, 2 baths, 1,180 sqft
10311 Cedar Lake Rd Apt 103 is a 2 beds, 2 baths, 1,180 sqft condo home for sale at $159,900 in Minnetonka MN 55305. At 20% down it rents for an estimated $2,000/mo and returns $382/mo a month at a 9.4% 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
- $2,000/mo
- Monthly cash flow
- $382/mo
- Cap rate
- 9.4%
- Cash-on-cash
- 14.3%
- Max offer
- $159,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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