For saleSingle family
$449,900
16329 Temple Ter
Minnetonka MN 55345
4 beds, 2.5 baths, 1,948 sqft
16329 Temple Ter is a 4 beds, 2.5 baths, 1,948 sqft single family home for sale at $449,900 in Minnetonka MN 55345. At 20% down it rents for an estimated $3,500/mo and returns $288/mo a month at a 7.4% 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
- $3,500/mo
- Monthly cash flow
- $288/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.8%
- Max offer
- $413,000
Offer ≤ $413,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading