For saleTownhouse
$314,000
9050 Merrimac Ln N
Maple Grove MN 55311
3 beds, 2 baths, 1,650 sqft
9050 Merrimac Ln N is a 3 beds, 2 baths, 1,650 sqft townhouse home for sale at $314,000 in Maple Grove MN 55311. At 20% down it rents for an estimated $2,450/mo and returns $24/mo a month at a 6.8% 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
- $2,450/mo
- Monthly cash flow
- $24/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 0.5%
- Max offer
- $265,000
Offer ≤ $265,000 (16% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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