For saleTownhouse
$360,000
2489 Lockwood Dr Unit 55
Mendota Heights MN 55120
2 beds, 2 baths, 1,417 sqft
2489 Lockwood Dr Unit 55 is a 2 beds, 2 baths, 1,417 sqft townhouse home for sale at $360,000 in Mendota Heights MN 55120. At 20% down it rents for an estimated $1,600/mo and returns -$1,120/mo a month at a 2.9% 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
- -$1,120/mo
- Cap rate
- 2.9%
- Cash-on-cash
- -18.7%
- Max offer
- $161,500
Offer ≤ $161,500 (55% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading