For saleTownhouse
$239,900
12481 Drake St NW
Coon Rapids MN 55448
3 beds, 2 baths, 1,723 sqft
12481 Drake St NW is a 3 beds, 2 baths, 1,723 sqft townhouse home for sale at $239,900 in Coon Rapids MN 55448. At 20% down it rents for an estimated $2,200/mo and returns $297/mo a month at a 8.2% 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
- $2,200/mo
- Monthly cash flow
- $297/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 7.4%
- Max offer
- $237,000
Offer ≤ $237,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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