For saleTownhouse
$270,000
6603 Olive Ln N
Maple Grove MN 55311
3 beds, 2 baths, 1,534 sqft
6603 Olive Ln N is a 3 beds, 2 baths, 1,534 sqft townhouse home for sale at $270,000 in Maple Grove MN 55311. At 20% down it rents for an estimated $2,300/mo and returns $160/mo a month at a 7.2% 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
- $2,300/mo
- Monthly cash flow
- $160/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.6%
- Max offer
- $244,500
Offer ≤ $244,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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