For saleCondo
$210,000
6260 Magda Dr Unit A
Maple Grove MN 55369
2 beds, 2 baths, 1,160 sqft
6260 Magda Dr Unit A is a 2 beds, 2 baths, 1,160 sqft condo home for sale at $210,000 in Maple Grove MN 55369. At 20% down it rents for an estimated $2,100/mo and returns $420/mo a month at a 9.1% 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
- $2,100/mo
- Monthly cash flow
- $420/mo
- Cap rate
- 9.1%
- Cash-on-cash
- 12.0%
- Max offer
- $210,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading