For saleCondo
$144,000
4624 Cedar Lake Rd S Apt 3
Saint Louis Park MN 55416
2 beds, 1 bath, 954 sqft
4624 Cedar Lake Rd S Apt 3 is a 2 beds, 1 bath, 954 sqft condo home for sale at $144,000 in Saint Louis Park MN 55416. At 20% down it rents for an estimated $1,600/mo and returns $65/mo a month at a 7.1% 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
- $1,600/mo
- Monthly cash flow
- $65/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.7%
- Max offer
- $127,500
Offer ≤ $127,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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