For saleCondo
$424,500
2343 Cherrywood Ln
Worthington MN 56187
2 beds, 2 baths, 1,622 sqft
2343 Cherrywood Ln is a 2 beds, 2 baths, 1,622 sqft condo home for sale at $424,500 in Worthington MN 56187. At 20% down it rents for an estimated $1,000/mo and returns -$2,406/mo a month at a -0.1% 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
- $1,000/mo
- Monthly cash flow
- -$2,406/mo
- Cap rate
- -0.1%
- Cash-on-cash
- -34.0%
- Max offer
- $55,000
Offer ≤ $55,000 (87% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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