For saleSingle family
$424,900
5773 Ridge Creek Rd
Shoreview MN 55126
5 beds, 2 baths, 2,423 sqft
5773 Ridge Creek Rd is a 5 beds, 2 baths, 2,423 sqft single family home for sale at $424,900 in Shoreview MN 55126. At 20% down it rents for an estimated $2,950/mo and returns -$83/mo a month at a 6.4% 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
- $2,950/mo
- Monthly cash flow
- -$83/mo
- Cap rate
- 6.4%
- Cash-on-cash
- -1.2%
- Max offer
- $348,500
Offer ≤ $348,500 (18% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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