For saleCondo
$139,900
10301 Cedar Lake Rd Apt 320
Minnetonka MN 55305
2 beds, 1 bath, 1,015 sqft
10301 Cedar Lake Rd Apt 320 is a 2 beds, 1 bath, 1,015 sqft condo home for sale at $139,900 in Minnetonka MN 55305. At 20% down it rents for an estimated $1,700/mo and returns $231/mo a month at a 8.7% 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
- $1,700/mo
- Monthly cash flow
- $231/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 9.9%
- Max offer
- $139,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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