For saleCondo
$300,000
2642 Lake Court Dr Unit 28
Mounds View MN 55112
4 beds, 2 baths, 2,162 sqft
2642 Lake Court Dr Unit 28 is a 4 beds, 2 baths, 2,162 sqft condo home for sale at $300,000 in Mounds View MN 55112. At 20% down it rents for an estimated $2,450/mo and returns -$39/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
- $2,450/mo
- Monthly cash flow
- -$39/mo
- Cap rate
- 6.5%
- Cash-on-cash
- -0.8%
- Max offer
- $245,500
Offer ≤ $245,500 (18% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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