For saleTownhouse
$240,000
1693 Covington Ln
Eagan MN 55122
3 beds, 2 baths, 1,392 sqft
1693 Covington Ln is a 3 beds, 2 baths, 1,392 sqft townhouse home for sale at $240,000 in Eagan MN 55122. At 20% down it rents for an estimated $2,200/mo and returns $262/mo a month at a 8.0% 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
- $262/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.5%
- Max offer
- $232,500
Offer ≤ $232,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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