For saleCondo
$250,000
10521 Cedar Lake Rd Apt 519
Minnetonka MN 55305
3 beds, 2 baths, 1,486 sqft
10521 Cedar Lake Rd Apt 519 is a 3 beds, 2 baths, 1,486 sqft condo home for sale at $250,000 in Minnetonka MN 55305. At 20% down it rents for an estimated $2,250/mo and returns $56/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
- $2,250/mo
- Monthly cash flow
- $56/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.3%
- Max offer
- $214,500
Offer ≤ $214,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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