For saleCondo
$160,000
7318 W 22nd St Apt 111
Saint Louis Park MN 55426
2 beds, 1 bath, 1,010 sqft
7318 W 22nd St Apt 111 is a 2 beds, 1 bath, 1,010 sqft condo home for sale at $160,000 in Saint Louis Park MN 55426. At 20% down it rents for an estimated $1,725/mo and returns $200/mo a month at a 8.2% 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
- $1,725/mo
- Monthly cash flow
- $200/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 7.5%
- Max offer
- $158,000
Offer ≤ $158,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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