For saleTownhouse
$188,000
11105 Drake St NW
Coon Rapids MN 55433
2 beds, 1.5 baths, 1,060 sqft
11105 Drake St NW is a 2 beds, 1.5 baths, 1,060 sqft townhouse home for sale at $188,000 in Coon Rapids MN 55433. At 20% down it rents for an estimated $1,800/mo and returns $259/mo a month at a 8.3% 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
- $1,800/mo
- Monthly cash flow
- $259/mo
- Cap rate
- 8.3%
- Cash-on-cash
- 8.3%
- Max offer
- $188,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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