For saleSingle family
$525,000
17925 Covington Rd
Minnetonka MN 55345
3 beds, 2 baths, 1,801 sqft
17925 Covington Rd is a 3 beds, 2 baths, 1,801 sqft single family home for sale at $525,000 in Minnetonka MN 55345. At 20% down it rents for an estimated $2,650/mo and returns -$1,098/mo a month at a 4.2% 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
- $2,650/mo
- Monthly cash flow
- -$1,098/mo
- Cap rate
- 4.2%
- Cash-on-cash
- -12.5%
- Max offer
- $314,000
Offer ≤ $314,000 (40% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading