For saleTownhouse
$230,000
9062 Underwood Ln N
Maple Grove MN 55369
2 beds, 1.5 baths, 1,085 sqft
9062 Underwood Ln N is a 2 beds, 1.5 baths, 1,085 sqft townhouse home for sale at $230,000 in Maple Grove MN 55369. At 20% down it rents for an estimated $2,150/mo and returns $250/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
- $2,150/mo
- Monthly cash flow
- $250/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.5%
- Max offer
- $222,500
Offer ≤ $222,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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