For saleSingle family
$469,000
16401 Temple Dr S
Minnetonka MN 55345
3 beds, 2 baths, 1,725 sqft
16401 Temple Dr S is a 3 beds, 2 baths, 1,725 sqft single family home for sale at $469,000 in Minnetonka MN 55345. At 20% down it rents for an estimated $3,000/mo and returns -$348/mo a month at a 5.8% 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
- $3,000/mo
- Monthly cash flow
- -$348/mo
- Cap rate
- 5.8%
- Cash-on-cash
- -4.5%
- Max offer
- $354,500
Offer ≤ $354,500 (24% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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