For saleTownhouse
$249,900
4255 Merrimac Ln N Apt 41
Plymouth MN 55446
2 beds, 1.5 baths, 1,210 sqft
4255 Merrimac Ln N Apt 41 is a 2 beds, 1.5 baths, 1,210 sqft townhouse home for sale at $249,900 in Plymouth MN 55446. At 20% down it rents for an estimated $2,250/mo and returns $187/mo a month at a 7.4% 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
- $2,250/mo
- Monthly cash flow
- $187/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.5%
- Max offer
- $231,000
Offer ≤ $231,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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