For saleCondo
$109,900
6500 Woodlake Dr Apt 401
Richfield MN 55423
1 bed, 1 bath, 956 sqft
6500 Woodlake Dr Apt 401 is a 1 bed, 1 bath, 956 sqft condo home for sale at $109,900 in Richfield MN 55423. At 20% down it rents for an estimated $1,500/mo and returns $294/mo a month at a 9.9% 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
- $1,500/mo
- Monthly cash flow
- $294/mo
- Cap rate
- 9.9%
- Cash-on-cash
- 16.0%
- Max offer
- $109,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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