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.
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