For saleTownhouse
$269,500
229 Satellite Ln NE
Fridley MN 55432
2 beds, 2 baths, 1,408 sqft
229 Satellite Ln NE is a 2 beds, 2 baths, 1,408 sqft townhouse home for sale at $269,500 in Fridley MN 55432. At 20% down it rents for an estimated $1,225/mo and returns -$938/mo a month at a 2.5% 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
- $1,225/mo
- Monthly cash flow
- -$938/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -20.9%
- Max offer
- $108,500
Offer ≤ $108,500 (60% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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