Pending saleSingle family
$899,000
617 Eastgate Pkwy
Mahtomedi MN 55115
5 beds, 3.5 baths, 4,311 sqft
617 Eastgate Pkwy is a 5 beds, 3.5 baths, 4,311 sqft single family home pending sale at $899,000 in Mahtomedi MN 55115. At 20% down it rents for an estimated $3,475/mo and returns -$2,943/mo a month at a 2.7% 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
- $3,475/mo
- Monthly cash flow
- -$2,943/mo
- Cap rate
- 2.7%
- Cash-on-cash
- -19.6%
- Max offer
- $413,000
Offer ≤ $413,000 (54% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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