For saleTownhouse
$300,000
9220 Merrimac Ln N
Maple Grove MN 55311
3 beds, 3 baths, 1,497 sqft
9220 Merrimac Ln N is a 3 beds, 3 baths, 1,497 sqft townhouse home for sale at $300,000 in Maple Grove MN 55311. At 20% down it rents for an estimated $2,500/mo and returns $168/mo a month at a 7.3% 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
- $2,500/mo
- Monthly cash flow
- $168/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.4%
- Max offer
- $271,000
Offer ≤ $271,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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