For saleCondo
$425,000
1077 Sibley Memorial Hwy Apt 605
Mendota Heights MN 55118
1 bed, 2 baths, 1,292 sqft
1077 Sibley Memorial Hwy Apt 605 is a 1 bed, 2 baths, 1,292 sqft condo home for sale at $425,000 in Mendota Heights MN 55118. At 20% down it rents for an estimated $1,175/mo and returns -$2,558/mo a month at a -0.6% 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
- $1,175/mo
- Monthly cash flow
- -$2,558/mo
- Cap rate
- -0.6%
- Cash-on-cash
- -36.1%
- Max offer
- $36,000
Offer ≤ $36,000 (92% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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