For saleCondo
$124,300
4548 Cedar Lake Rd S Apt 6
Saint Louis Park MN 55416
1 bed, 1 bath, 768 sqft
4548 Cedar Lake Rd S Apt 6 is a 1 bed, 1 bath, 768 sqft condo home for sale at $124,300 in Saint Louis Park MN 55416. At 20% down it rents for an estimated $1,300/mo and returns -$81/mo a month at a 5.9% 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
- $1,300/mo
- Monthly cash flow
- -$81/mo
- Cap rate
- 5.9%
- Cash-on-cash
- -3.9%
- Max offer
- $93,500
Offer ≤ $93,500 (25% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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