For saleCondo
$163,500
4648 Cedar Lake Rd S Apt 3
Saint Louis Park MN 55416
2 beds, 1.5 baths, 1,008 sqft
4648 Cedar Lake Rd S Apt 3 is a 2 beds, 1.5 baths, 1,008 sqft condo home for sale at $163,500 in Saint Louis Park MN 55416. At 20% down it rents for an estimated $1,600/mo and returns $67/mo a month at a 7.0% 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
- $1,600/mo
- Monthly cash flow
- $67/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 2.5%
- Max offer
- $144,000
Offer ≤ $144,000 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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