For saleSingle family
$400,000
7615 118th Way N
Champlin MN 55316
5 beds, 3 baths, 2,535 sqft
7615 118th Way N is a 5 beds, 3 baths, 2,535 sqft single family home for sale at $400,000 in Champlin MN 55316. At 20% down it rents for an estimated $3,225/mo and returns $369/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
- $3,225/mo
- Monthly cash flow
- $369/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.5%
- Max offer
- $380,500
Offer ≤ $380,500 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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