For saleTownhouse

$179,900

2281 Pond Ave E

Maplewood MN 55119

3 beds, 1.5 baths, 1,560 sqft

2281 Pond Ave E is a 3 beds, 1.5 baths, 1,560 sqft townhouse home for sale at $179,900 in Maplewood MN 55119. At 20% down it rents for an estimated $2,000/mo and returns $371/mo a month at a 9.0% 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
$2,000/mo
Monthly cash flow
$371/mo
Cap rate
9.0%
Cash-on-cash
12.4%
Max offer
$179,900

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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