For saleCondo
$114,900
6423 Colony Way Apt 1J
Edina MN 55435
1 bed, 1 bath, 706 sqft
6423 Colony Way Apt 1J is a 1 bed, 1 bath, 706 sqft condo home for sale at $114,900 in Edina MN 55435. At 20% down it rents for an estimated $1,575/mo and returns $349/mo a month at a 10.3% 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
- $1,575/mo
- Monthly cash flow
- $349/mo
- Cap rate
- 10.3%
- Cash-on-cash
- 18.2%
- Max offer
- $114,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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