For saleTownhouse
$2,199,000
2928 Pelican Point Cir
Mound MN 55364
3 beds, 3 baths, 3,468 sqft
2928 Pelican Point Cir is a 3 beds, 3 baths, 3,468 sqft townhouse home for sale at $2,199,000 in Mound MN 55364. At 20% down it rents for an estimated $2,300/mo and returns -$12,829/mo a month at a -0.3% 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
- $2,300/mo
- Monthly cash flow
- -$12,829/mo
- Cap rate
- -0.3%
- Cash-on-cash
- -35.0%
- Max offer
- $238,500
Offer ≤ $238,500 (89% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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