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 $3,250/mo and returns $304/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
- $3,250/mo
- Monthly cash flow
- $304/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.3%
- Max offer
- $389,000
Offer ≤ $389,000 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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