For saleCondo
$189,000
11160 Anderson Lakes Pkwy Apt 202
Eden Prairie MN 55344
2 beds, 2 baths, 1,050 sqft
11160 Anderson Lakes Pkwy Apt 202 is a 2 beds, 2 baths, 1,050 sqft condo home for sale at $189,000 in Eden Prairie MN 55344. At 20% down it rents for an estimated $1,950/mo and returns $51/mo a month at a 6.8% 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
- $1,950/mo
- Monthly cash flow
- $51/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.6%
- Max offer
- $163,500
Offer ≤ $163,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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