For saleTownhouse
$229,900
2566 Lockwood Dr Unit 65
Mendota Heights MN 55120
2 beds, 2 baths, 1,261 sqft
2566 Lockwood Dr Unit 65 is a 2 beds, 2 baths, 1,261 sqft townhouse home for sale at $229,900 in Mendota Heights MN 55120. At 20% down it rents for an estimated $2,200/mo and returns $378/mo a month at a 8.5% 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
- $2,200/mo
- Monthly cash flow
- $378/mo
- Cap rate
- 8.5%
- Cash-on-cash
- 9.9%
- Max offer
- $229,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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