For saleCondo

$135,000

7414 W 22nd St Apt 306

Saint Louis Park MN 55426

1 bed, 1 bath, 750 sqft

7414 W 22nd St Apt 306 is a 1 bed, 1 bath, 750 sqft condo home for sale at $135,000 in Saint Louis Park MN 55426. At 20% down it rents for an estimated $1,375/mo and returns $34/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
$1,375/mo
Monthly cash flow
$34/mo
Cap rate
6.8%
Cash-on-cash
1.5%
Max offer
$116,500

Offer ≤ $116,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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