For saleSingle family
$199,900
2937 Chippewa Ave
Maplewood MN 55109
5 beds, 2 baths, 2,050 sqft
2937 Chippewa Ave is a 5 beds, 2 baths, 2,050 sqft single family home for sale at $199,900 in Maplewood MN 55109. At 20% down it rents for an estimated $2,675/mo and returns $1,248/mo a month at a 14.2% 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
- $2,675/mo
- Monthly cash flow
- $1,248/mo
- Cap rate
- 14.2%
- Cash-on-cash
- 37.5%
- Max offer
- $199,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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