For saleSingle family
$399,900
15590 Ridgemont Ave SE
Prior Lake MN 55372
5 beds, 2 baths, 2,330 sqft
15590 Ridgemont Ave SE is a 5 beds, 2 baths, 2,330 sqft single family home for sale at $399,900 in Prior Lake MN 55372. At 20% down it rents for an estimated $3,125/mo and returns $320/mo a month at a 7.5% 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
- $3,125/mo
- Monthly cash flow
- $320/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.8%
- Max offer
- $374,000
Offer ≤ $374,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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