For saleSingle family
$320,000
510 Maplewood Ln SE
Pine City MN 55063
4 beds, 1.5 baths, 1,894 sqft
510 Maplewood Ln SE is a 4 beds, 1.5 baths, 1,894 sqft single family home for sale at $320,000 in Pine City MN 55063. At 20% down it rents for an estimated $2,575/mo and returns $331/mo a month at a 7.8% 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
- $2,575/mo
- Monthly cash flow
- $331/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.2%
- Max offer
- $308,500
Offer ≤ $308,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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