For saleTownhouse
$375,000
3844 Raspberry Ridge Rd NW
Prior Lake MN 55372
3 beds, 3 baths, 2,169 sqft
3844 Raspberry Ridge Rd NW is a 3 beds, 3 baths, 2,169 sqft townhouse home for sale at $375,000 in Prior Lake MN 55372. At 20% down it rents for an estimated $2,300/mo and returns -$720/mo a month at a 4.4% 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
- $2,300/mo
- Monthly cash flow
- -$720/mo
- Cap rate
- 4.4%
- Cash-on-cash
- -11.5%
- Max offer
- $223,500
Offer ≤ $223,500 (40% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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