For saleTownhouse
$239,900
2565 Lockwood Dr Unit 108
Mendota Heights MN 55120
2 beds, 1.5 baths, 1,232 sqft
2565 Lockwood Dr Unit 108 is a 2 beds, 1.5 baths, 1,232 sqft townhouse home for sale at $239,900 in Mendota Heights MN 55120. At 20% down it rents for an estimated $2,200/mo and returns $303/mo a month at a 8.0% 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
- $2,200/mo
- Monthly cash flow
- $303/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 7.6%
- Max offer
- $237,500
Offer ≤ $237,500 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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