For saleSingle family
$375,000
540 Hiawatha Ave
Mendota Heights MN 55118
4 beds, 2 baths, 1,930 sqft
540 Hiawatha Ave is a 4 beds, 2 baths, 1,930 sqft single family home for sale at $375,000 in Mendota Heights MN 55118. At 20% down it rents for an estimated $2,350/mo and returns -$327/mo a month at a 5.6% 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
- $2,350/mo
- Monthly cash flow
- -$327/mo
- Cap rate
- 5.6%
- Cash-on-cash
- -5.2%
- Max offer
- $278,000
Offer ≤ $278,000 (26% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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