For saleSingle family
$600,000
2815 Saddlebrook Cir
Minnetonka MN 55305
5 beds, 3 baths, 2,424 sqft
2815 Saddlebrook Cir is a 5 beds, 3 baths, 2,424 sqft single family home for sale at $600,000 in Minnetonka MN 55305. At 20% down it rents for an estimated $3,375/mo and returns -$908/mo a month at a 4.9% 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
- $3,375/mo
- Monthly cash flow
- -$908/mo
- Cap rate
- 4.9%
- Cash-on-cash
- -9.1%
- Max offer
- $399,500
Offer ≤ $399,500 (33% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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