For saleCondo
$2,895,000
150 Broadway Ave S Unit 2B
Wayzata MN 55391
2 beds, 3 baths, 2,246 sqft
150 Broadway Ave S Unit 2B is a 2 beds, 3 baths, 2,246 sqft condo home for sale at $2,895,000 in Wayzata MN 55391. At 20% down it rents for an estimated $1,800/mo and returns -$18,685/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
- -$18,685/mo
- Cap rate
- -1.1%
- Cash-on-cash
- -38.7%
- Max offer
- $84,000
Offer ≤ $84,000 (97% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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