For saleSingle family
$375,000
6824 E Fish Lake Rd
Maple Grove MN 55369
5 beds, 3 baths, 2,957 sqft
6824 E Fish Lake Rd is a 5 beds, 3 baths, 2,957 sqft single family home for sale at $375,000 in Maple Grove MN 55369. At 20% down it rents for an estimated $3,100/mo and returns $423/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
- $3,100/mo
- Monthly cash flow
- $423/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.8%
- Max offer
- $365,500
Offer ≤ $365,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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