For saleCondo
$489,900
11460 Fairfield Rd W Unit 303
Minnetonka MN 55305
2 beds, 2 baths, 1,720 sqft
11460 Fairfield Rd W Unit 303 is a 2 beds, 2 baths, 1,720 sqft condo home for sale at $489,900 in Minnetonka MN 55305. At 20% down it rents for an estimated $1,700/mo and returns -$2,207/mo a month at a 1.3% 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
- $1,700/mo
- Monthly cash flow
- -$2,207/mo
- Cap rate
- 1.3%
- Cash-on-cash
- -27.0%
- Max offer
- $135,000
Offer ≤ $135,000 (72% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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