For saleTownhouse
$253,900
9624 Peony Ln N
Maple Grove MN 55311
2 beds, 1.5 baths, 1,489 sqft
9624 Peony Ln N is a 2 beds, 1.5 baths, 1,489 sqft townhouse home for sale at $253,900 in Maple Grove MN 55311. At 20% down it rents for an estimated $2,150/mo and returns $196/mo a month at a 7.4% 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
- $2,150/mo
- Monthly cash flow
- $196/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.6%
- Max offer
- $235,500
Offer ≤ $235,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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