For saleCondo
$167,000
2150 Ridge Dr Apt 14
Saint Louis Park MN 55416
1 bed, 1 bath, 710 sqft
2150 Ridge Dr Apt 14 is a 1 bed, 1 bath, 710 sqft condo home for sale at $167,000 in Saint Louis Park MN 55416. At 20% down it rents for an estimated $1,500/mo and returns $40/mo a month at a 6.8% 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
- $1,500/mo
- Monthly cash flow
- $40/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.4%
- Max offer
- $143,500
Offer ≤ $143,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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