For saleTownhouse
$189,000
12131 Drake St NW
Coon Rapids MN 55448
2 beds, 1 bath, 1,080 sqft
12131 Drake St NW is a 2 beds, 1 bath, 1,080 sqft townhouse home for sale at $189,000 in Coon Rapids MN 55448. At 20% down it rents for an estimated $1,700/mo and returns $150/mo a month at a 7.6% 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
- $1,700/mo
- Monthly cash flow
- $150/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.8%
- Max offer
- $176,000
Offer ≤ $176,000 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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