For saleTownhouse
$279,900
2583 Lockwood Dr
Mendota Heights MN 55120
2 beds, 2 baths, 1,288 sqft
2583 Lockwood Dr is a 2 beds, 2 baths, 1,288 sqft townhouse home for sale at $279,900 in Mendota Heights MN 55120. At 20% down it rents for an estimated $1,600/mo and returns -$573/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
- $1,600/mo
- Monthly cash flow
- -$573/mo
- Cap rate
- 4.2%
- Cash-on-cash
- -12.3%
- Max offer
- $162,500
Offer ≤ $162,500 (42% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading