For saleSingle family
$299,900
2431 Ridge Ln
Mounds View MN 55112
3 beds, 1 bath, 1,476 sqft
2431 Ridge Ln is a 3 beds, 1 bath, 1,476 sqft single family home for sale at $299,900 in Mounds View MN 55112. At 20% down it rents for an estimated $2,100/mo and returns -$41/mo a month at a 6.5% 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
- $2,100/mo
- Monthly cash flow
- -$41/mo
- Cap rate
- 6.5%
- Cash-on-cash
- -0.8%
- Max offer
- $248,000
Offer ≤ $248,000 (17% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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