For saleCondo
$184,900
6075 Lincoln Dr Apt 201
Edina MN 55436
1 bed, 1 bath, 1,026 sqft
6075 Lincoln Dr Apt 201 is a 1 bed, 1 bath, 1,026 sqft condo home for sale at $184,900 in Edina MN 55436. At 20% down it rents for an estimated $1,450/mo and returns -$459/mo a month at a 3.7% 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
- $1,450/mo
- Monthly cash flow
- -$459/mo
- Cap rate
- 3.7%
- Cash-on-cash
- -14.9%
- Max offer
- $97,000
Offer ≤ $97,000 (48% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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