For saleSingle family
$410,000
213 Ridgecrest Dr
Cannon Falls MN 55009
4 beds, 3 baths, 2,134 sqft
213 Ridgecrest Dr is a 4 beds, 3 baths, 2,134 sqft single family home for sale at $410,000 in Cannon Falls MN 55009. At 20% down it rents for an estimated $2,250/mo and returns -$677/mo a month at a 4.7% 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
- $2,250/mo
- Monthly cash flow
- -$677/mo
- Cap rate
- 4.7%
- Cash-on-cash
- -9.9%
- Max offer
- $266,500
Offer ≤ $266,500 (35% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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