For saleTownhouse
$249,900
8944 Olive Ln N
Maple Grove MN 55311
3 beds, 1.5 baths, 1,517 sqft
8944 Olive Ln N is a 3 beds, 1.5 baths, 1,517 sqft townhouse home for sale at $249,900 in Maple Grove MN 55311. At 20% down it rents for an estimated $2,450/mo and returns $453/mo a month at a 8.8% 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
- $453/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 10.9%
- Max offer
- $249,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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