For saleSingle family
$539,900
601 Ridgewood Ln
Delano MN 55328
4 beds, 3 baths, 3,052 sqft
601 Ridgewood Ln is a 4 beds, 3 baths, 3,052 sqft single family home for sale at $539,900 in Delano MN 55328. At 20% down it rents for an estimated $2,625/mo and returns -$1,229/mo a month at a 3.9% 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
- $2,625/mo
- Monthly cash flow
- -$1,229/mo
- Cap rate
- 3.9%
- Cash-on-cash
- -13.7%
- Max offer
- $311,000
Offer ≤ $311,000 (42% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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