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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