For saleCondo
$122,500
6500 Woodlake Dr Apt 313
Richfield MN 55423
1 bed, 1 bath, 741 sqft
6500 Woodlake Dr Apt 313 is a 1 bed, 1 bath, 741 sqft condo home for sale at $122,500 in Richfield MN 55423. At 20% down it rents for an estimated $1,500/mo and returns $154/mo a month at a 8.2% 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
- $1,500/mo
- Monthly cash flow
- $154/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 7.5%
- Max offer
- $121,000
Offer ≤ $121,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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