For saleTownhouse
$229,000
907 Monterey Dr
Shoreview MN 55126
3 beds, 1.5 baths, 1,184 sqft
907 Monterey Dr is a 3 beds, 1.5 baths, 1,184 sqft townhouse home for sale at $229,000 in Shoreview MN 55126. At 20% down it rents for an estimated $2,050/mo and returns $326/mo a month at a 8.4% 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
- $2,050/mo
- Monthly cash flow
- $326/mo
- Cap rate
- 8.4%
- Cash-on-cash
- 8.5%
- Max offer
- $229,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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