For saleTownhouse
$349,900
2488 Lockwood Dr Unit 10
Mendota Heights MN 55120
2 beds, 2 baths, 1,417 sqft
2488 Lockwood Dr Unit 10 is a 2 beds, 2 baths, 1,417 sqft townhouse home for sale at $349,900 in Mendota Heights MN 55120. At 20% down it rents for an estimated $1,600/mo and returns -$1,052/mo a month at a 3.1% 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
- $1,600/mo
- Monthly cash flow
- -$1,052/mo
- Cap rate
- 3.1%
- Cash-on-cash
- -18.0%
- Max offer
- $161,500
Offer ≤ $161,500 (54% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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