For saleTownhouse
$260,000
706 Ridge Dr SE
Saint Michael MN 55376
2 beds, 1 bath, 800 sqft
706 Ridge Dr SE is a 2 beds, 1 bath, 800 sqft townhouse home for sale at $260,000 in Saint Michael MN 55376. At 20% down it rents for an estimated $2,175/mo and returns $226/mo a month at a 7.7% 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
- $2,175/mo
- Monthly cash flow
- $226/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.2%
- Max offer
- $245,000
Offer ≤ $245,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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