For saleSingle family
$407,000
928 Griffin Ave
Mahtomedi MN 55115
4 beds, 2 baths, 1,801 sqft
928 Griffin Ave is a 4 beds, 2 baths, 1,801 sqft single family home for sale at $407,000 in Mahtomedi MN 55115. At 20% down it rents for an estimated $3,500/mo and returns $595/mo a month at a 8.4% 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
- $3,500/mo
- Monthly cash flow
- $595/mo
- Cap rate
- 8.4%
- Cash-on-cash
- 8.8%
- Max offer
- $407,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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