For saleSingle family
$430,000
1568 Lakewood Dr N
Maplewood MN 55119
5 beds, 2 baths, 2,593 sqft
1568 Lakewood Dr N is a 5 beds, 2 baths, 2,593 sqft single family home for sale at $430,000 in Maplewood MN 55119. At 20% down it rents for an estimated $3,100/mo and returns $30/mo a month at a 6.8% 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
- $30/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 0.4%
- Max offer
- $366,000
Offer ≤ $366,000 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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