For saleTownhouse
$274,900
11607 88th Ave N
Maple Grove MN 55369
3 beds, 2 baths, 1,657 sqft
11607 88th Ave N is a 3 beds, 2 baths, 1,657 sqft townhouse home for sale at $274,900 in Maple Grove MN 55369. At 20% down it rents for an estimated $2,400/mo and returns $270/mo a month at a 7.8% 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
- $2,400/mo
- Monthly cash flow
- $270/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.9%
- Max offer
- $262,500
Offer ≤ $262,500 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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