For saleSingle family
$420,000
280 Glenmar Ave
Mahtomedi MN 55115
4 beds, 2 baths, 2,350 sqft
280 Glenmar Ave is a 4 beds, 2 baths, 2,350 sqft single family home for sale at $420,000 in Mahtomedi MN 55115. At 20% down it rents for an estimated $3,200/mo and returns $202/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
- $3,200/mo
- Monthly cash flow
- $202/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 2.9%
- Max offer
- $377,500
Offer ≤ $377,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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