$169,500
6416 83rd Ct N
Brooklyn Park MN 55445
4 beds, 2 baths, 1,315 sqft
6416 83rd Ct N is a 4 beds, 2 baths, 1,315 sqft townhouse home for sale at $169,500 in Brooklyn Park MN 55445. At 20% down it rents for an estimated $2,075/mo and returns $573/mo a month at a 10.7% 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
- $2,075/mo
- Monthly cash flow
- $573/mo
- Cap rate
- 10.7%
- Cash-on-cash
- 20.3%
- Max offer
- $169,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
$169,500
6416 83rd Ct N
Brooklyn Park MN 55445
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Pro forma
30-year loanWhat you'd spend on interior finishes before renting — starts at zero, set your own number (our photo-based estimate is $50,000). Counted as upfront cash: it raises cash to close and is part of the cash-on-cash return.
Every number on this page assumes the home stays rented and nothing is set aside. That is deliberate, but it is not what most landlords spend. Standard investor assumptions (18% of rent, about $374/mo for management, vacancy, maintenance and CapEx) would put cash flow at $280/mo. Set your own below.
Expenses owners pay
Tenants typically pay their own utilities on this home type, and the association dues (charged in full above) carry trash and exterior upkeep, so every line opens at $0. If you'll pay any of these as the owner, set them here — they come straight out of the cash flow above.
Monthly payment (PITI)
- Principal & interest$861
- Property tax$170
- Insurance$21
- HOA$370
- Total payment$1,422/mo
Cash flow charges taxes, insurance, HOA, PMI in full. It assumes the home stays rented with nothing set aside for management, vacancy, maintenance or CapEx. Standard investor reserves (18% of rent, about $374/mo) would put cash flow at $280/mo.Cash-flow math charges taxes, insurance, HOA, PMI in full and holds nothing back from rent. Management, vacancy, maintenance and CapEx are yours to set above. Insurance runs lighter here: the association’s dues cover the structure’s master policy and exterior upkeep.
Cash you'd need to close (est.)
- Down payment (25.0%)$42,375
- Closing costs (~3%: title, lender, prepaid escrow)$5,085
- Reserves (2 months of payments)$2,844
- Total cash to close$50,304
An estimate — your lender's Loan Estimate is the real number. Doesn't include any repairs needed before renting.
Where it sits
6416 83rd Ct N in context: the streets, water and amenities around it.
Monthly payment
- Principal and interest
- $919
- Home insurance (estimate)
- $21
- HOA
- $370
Estimate only. The rate starts at the national 30 year average (Freddie Mac). Taxes come from the county rate on the listing; insurance is a typical amount for the area, not a quote.
Information deemed reliable but not guaranteed. School ratings, flood data and tax records come from third parties. Status can lag the MLS by up to about 12 hours.
Comments
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