For saleSingle family
$2,500,000
11300 Park Ridge Dr W
Minnetonka MN 55305
4 beds, 3 baths, 3,400 sqft
11300 Park Ridge Dr W is a 4 beds, 3 baths, 3,400 sqft single family home for sale at $2,500,000 in Minnetonka MN 55305. At 20% down it rents for an estimated $2,650/mo and returns -$15,197/mo a month at a -0.6% 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
- $2,650/mo
- Monthly cash flow
- -$15,197/mo
- Cap rate
- -0.6%
- Cash-on-cash
- -36.5%
- Max offer
- $321,000
Offer ≤ $321,000 (87% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading