For saleCondo
$239,900
4305 Oakmede Ln Unit 24A
White Bear Lake MN 55110
3 beds, 2 baths, 1,223 sqft
4305 Oakmede Ln Unit 24A is a 3 beds, 2 baths, 1,223 sqft condo home for sale at $239,900 in White Bear Lake MN 55110. At 20% down it rents for an estimated $2,250/mo and returns $339/mo a month at a 8.2% 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
- $339/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 8.5%
- Max offer
- $239,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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