For saleCondo
$2,695,000
150 Broadway Ave S Unit 2A
Wayzata MN 55391
2 beds, 2.5 baths, 2,246 sqft
150 Broadway Ave S Unit 2A is a 2 beds, 2.5 baths, 2,246 sqft condo home for sale at $2,695,000 in Wayzata MN 55391. At 20% down it rents for an estimated $1,800/mo and returns -$17,350/mo a month at a -1.1% 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
- $1,800/mo
- Monthly cash flow
- -$17,350/mo
- Cap rate
- -1.1%
- Cash-on-cash
- -38.6%
- Max offer
- $83,500
Offer ≤ $83,500 (97% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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