For saleCondo
$116,900
10211 Cedar Lake Rd Apt 115
Minnetonka MN 55305
1 bed, 1 bath, 812 sqft
10211 Cedar Lake Rd Apt 115 is a 1 bed, 1 bath, 812 sqft condo home for sale at $116,900 in Minnetonka MN 55305. At 20% down it rents for an estimated $1,400/mo and returns $197/mo a month at a 8.7% 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
- $197/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 10.1%
- Max offer
- $116,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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