For saleCondo
$239,900
2494 Wilshire Ct
Mendota Heights MN 55120
2 beds, 2 baths, 1,328 sqft
2494 Wilshire Ct is a 2 beds, 2 baths, 1,328 sqft condo home for sale at $239,900 in Mendota Heights MN 55120. At 20% down it rents for an estimated $2,200/mo and returns $158/mo a month at a 7.3% 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
- $2,200/mo
- Monthly cash flow
- $158/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 4.0%
- Max offer
- $219,000
Offer ≤ $219,000 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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