For saleSingle family

$588,000

6585 Promontory Dr

Eden Prairie MN 55346

4 beds, 3 baths, 2,352 sqft

6585 Promontory Dr is a 4 beds, 3 baths, 2,352 sqft single family home for sale at $588,000 in Eden Prairie MN 55346. At 20% down it rents for an estimated $2,800/mo and returns -$1,398/mo a month at a 3.8% 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
$2,800/mo
Monthly cash flow
-$1,398/mo
Cap rate
3.8%
Cash-on-cash
-14.3%
Max offer
$332,000

Offer ≤ $332,000 (44% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

Loading