For saleCondo
$135,000
10411 Cedar Lake Rd Apt 213
Minnetonka MN 55305
1 bed, 1 bath, 840 sqft
10411 Cedar Lake Rd Apt 213 is a 1 bed, 1 bath, 840 sqft condo home for sale at $135,000 in Minnetonka MN 55305. At 20% down it rents for an estimated $1,400/mo and returns $88/mo a month at a 7.4% 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
- $1,400/mo
- Monthly cash flow
- $88/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.9%
- Max offer
- $123,500
Offer ≤ $123,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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