For saleSingle family
$799,000
18420 Old Excelsior Blvd
Minnetonka MN 55345
4 beds, 3 baths, 2,634 sqft
18420 Old Excelsior Blvd is a 4 beds, 3 baths, 2,634 sqft single family home for sale at $799,000 in Minnetonka MN 55345. At 20% down it rents for an estimated $3,350/mo and returns -$2,354/mo a month at a 3.1% 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
- $3,350/mo
- Monthly cash flow
- -$2,354/mo
- Cap rate
- 3.1%
- Cash-on-cash
- -17.7%
- Max offer
- $398,000
Offer ≤ $398,000 (50% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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