For saleTownhouse
$320,000
107 Ridgebrook Dr Unit 107
Cannon Falls MN 55009
2 beds, 2 baths, 2,382 sqft
107 Ridgebrook Dr Unit 107 is a 2 beds, 2 baths, 2,382 sqft townhouse home for sale at $320,000 in Cannon Falls MN 55009. At 20% down it rents for an estimated $1,750/mo and returns -$663/mo a month at a 4.2% 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
- $1,750/mo
- Monthly cash flow
- -$663/mo
- Cap rate
- 4.2%
- Cash-on-cash
- -12.4%
- Max offer
- $184,500
Offer ≤ $184,500 (42% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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