For saleSingle family
$195,500
1301 Ridgeview Dr
Montevideo MN 56265
3 beds, 2 baths, 1,698 sqft
1301 Ridgeview Dr is a 3 beds, 2 baths, 1,698 sqft single family home for sale at $195,500 in Montevideo MN 56265. At 20% down it rents for an estimated $1,400/mo and returns $29/mo a month at a 6.7% 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
- $1,400/mo
- Monthly cash flow
- $29/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.9%
- Max offer
- $167,500
Offer ≤ $167,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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