For saleCondo
$279,000
6826 Merrimac Ln N
Maple Grove MN 55311
2 beds, 2 baths, 1,628 sqft
6826 Merrimac Ln N is a 2 beds, 2 baths, 1,628 sqft condo home for sale at $279,000 in Maple Grove MN 55311. At 20% down it rents for an estimated $2,150/mo and returns -$91/mo a month at a 6.3% 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
- -$91/mo
- Cap rate
- 6.3%
- Cash-on-cash
- -2.0%
- Max offer
- $221,500
Offer ≤ $221,500 (21% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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