For saleSingle family
$650,000
139 Ridge Way
Mahtomedi MN 55115
5 beds, 3.5 baths, 3,562 sqft
139 Ridge Way is a 5 beds, 3.5 baths, 3,562 sqft single family home for sale at $650,000 in Mahtomedi MN 55115. At 20% down it rents for an estimated $3,000/mo and returns -$1,640/mo a month at a 3.6% 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
- $3,000/mo
- Monthly cash flow
- -$1,640/mo
- Cap rate
- 3.6%
- Cash-on-cash
- -15.1%
- Max offer
- $356,000
Offer ≤ $356,000 (45% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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