For saleCondo
$985,000
222 Ferndale Rd S Unit 208
Wayzata MN 55391
2 beds, 2 baths, 1,330 sqft
222 Ferndale Rd S Unit 208 is a 2 beds, 2 baths, 1,330 sqft condo home for sale at $985,000 in Wayzata MN 55391. At 20% down it rents for an estimated $1,925/mo and returns -$5,674/mo a month at a -0.2% 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
- $1,925/mo
- Monthly cash flow
- -$5,674/mo
- Cap rate
- -0.2%
- Cash-on-cash
- -34.6%
- Max offer
- $116,000
Offer ≤ $116,000 (88% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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