For saleCondo
$202,900
6240 Magda Dr Unit D
Maple Grove MN 55369
2 beds, 1 bath, 1,160 sqft
6240 Magda Dr Unit D is a 2 beds, 1 bath, 1,160 sqft condo home for sale at $202,900 in Maple Grove MN 55369. At 20% down it rents for an estimated $2,100/mo and returns $470/mo a month at a 9.4% 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
- $2,100/mo
- Monthly cash flow
- $470/mo
- Cap rate
- 9.4%
- Cash-on-cash
- 13.9%
- Max offer
- $202,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading