For saleTownhouse
$199,900
6300 Xerxes Ave S Apt 31
Edina MN 55423
2 beds, 1 bath, 1,210 sqft
6300 Xerxes Ave S Apt 31 is a 2 beds, 1 bath, 1,210 sqft townhouse home for sale at $199,900 in Edina MN 55423. At 20% down it rents for an estimated $2,075/mo and returns $145/mo a month at a 7.5% 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
- $2,075/mo
- Monthly cash flow
- $145/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.3%
- Max offer
- $184,500
Offer ≤ $184,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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