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 $1,700/mo and returns $95/mo a month at a 7.1% 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
- $95/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.8%
- Max offer
- $180,500
Offer ≤ $180,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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