For saleSingle family
$349,900
1108 N Ridge Dr NW
Montgomery MN 56069
3 beds, 2 baths, 2,204 sqft
1108 N Ridge Dr NW is a 3 beds, 2 baths, 2,204 sqft single family home for sale at $349,900 in Montgomery MN 56069. At 20% down it rents for an estimated $1,125/mo and returns -$1,373/mo a month at a 2.0% 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
- $1,125/mo
- Monthly cash flow
- -$1,373/mo
- Cap rate
- 2.0%
- Cash-on-cash
- -23.5%
- Max offer
- $134,000
Offer ≤ $134,000 (62% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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