For saleCondo
$163,500
2040 Ridge Dr Apt 32
Saint Louis Park MN 55416
1 bed, 1 bath, 736 sqft
2040 Ridge Dr Apt 32 is a 1 bed, 1 bath, 736 sqft condo home for sale at $163,500 in Saint Louis Park MN 55416. At 20% down it rents for an estimated $1,300/mo and returns -$253/mo a month at a 4.8% 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
- $1,300/mo
- Monthly cash flow
- -$253/mo
- Cap rate
- 4.8%
- Cash-on-cash
- -9.3%
- Max offer
- $105,000
Offer ≤ $105,000 (36% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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