For saleTownhouse
$280,000
1603 Raindrop Dr
Eagan MN 55121
3 beds, 2.5 baths, 1,940 sqft
1603 Raindrop Dr is a 3 beds, 2.5 baths, 1,940 sqft townhouse home for sale at $280,000 in Eagan MN 55121. At 20% down it rents for an estimated $2,450/mo and returns $196/mo a month at a 7.4% 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
- $2,450/mo
- Monthly cash flow
- $196/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.2%
- Max offer
- $257,500
Offer ≤ $257,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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