For saleCondo
$375,000
1830 Eagle Ridge Dr Apt 1009
Mendota Heights MN 55118
2 beds, 2 baths, 1,656 sqft
1830 Eagle Ridge Dr Apt 1009 is a 2 beds, 2 baths, 1,656 sqft condo home for sale at $375,000 in Mendota Heights MN 55118. At 20% down it rents for an estimated $1,425/mo and returns -$2,021/mo a month at a 0.2% 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
- $1,425/mo
- Monthly cash flow
- -$2,021/mo
- Cap rate
- 0.2%
- Cash-on-cash
- -32.3%
- Max offer
- $62,000
Offer ≤ $62,000 (83% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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