For saleCondo
$259,000
1860 Eagle Ridge Dr Unit W304
Mendota Heights MN 55118
2 beds, 2 baths, 1,556 sqft
1860 Eagle Ridge Dr Unit W304 is a 2 beds, 2 baths, 1,556 sqft condo home for sale at $259,000 in Mendota Heights MN 55118. At 20% down it rents for an estimated $1,425/mo and returns -$1,246/mo a month at a 0.9% 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
- $1,425/mo
- Monthly cash flow
- -$1,246/mo
- Cap rate
- 0.9%
- Cash-on-cash
- -28.9%
- Max offer
- $61,500
Offer ≤ $61,500 (76% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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