For saleCondo
$199,700
6317 Alderwood Bay Apt A
Woodbury MN 55125
2 beds, 1 bath, 1,058 sqft
6317 Alderwood Bay Apt A is a 2 beds, 1 bath, 1,058 sqft condo home for sale at $199,700 in Woodbury MN 55125. At 20% down it rents for an estimated $1,850/mo and returns $181/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
- $1,850/mo
- Monthly cash flow
- $181/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 5.4%
- Max offer
- $188,500
Offer ≤ $188,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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