For saleCondo
$175,000
10511 Cedar Lake Rd Apt 309
Minnetonka MN 55305
2 beds, 2 baths, 1,200 sqft
10511 Cedar Lake Rd Apt 309 is a 2 beds, 2 baths, 1,200 sqft condo home for sale at $175,000 in Minnetonka MN 55305. At 20% down it rents for an estimated $2,000/mo and returns $298/mo a month at a 8.6% 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
- $2,000/mo
- Monthly cash flow
- $298/mo
- Cap rate
- 8.6%
- Cash-on-cash
- 10.2%
- Max offer
- $175,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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