For saleCondo
$124,900
7414 W 22nd St Apt 212
Saint Louis Park MN 55426
1 bed, 1 bath, 777 sqft
7414 W 22nd St Apt 212 is a 1 bed, 1 bath, 777 sqft condo home for sale at $124,900 in Saint Louis Park MN 55426. At 20% down it rents for an estimated $1,400/mo and returns $110/mo a month at a 7.7% 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
- $110/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.3%
- Max offer
- $117,500
Offer ≤ $117,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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