For saleTownhouse
$230,000
8948 Neill Lake Rd Unit 155E
Eden Prairie MN 55347
3 beds, 3 baths, 1,686 sqft
8948 Neill Lake Rd Unit 155E is a 3 beds, 3 baths, 1,686 sqft townhouse home for sale at $230,000 in Eden Prairie MN 55347. At 20% down it rents for an estimated $2,350/mo and returns $123/mo a month at a 7.2% 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
- $2,350/mo
- Monthly cash flow
- $123/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.2%
- Max offer
- $206,500
Offer ≤ $206,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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