For saleSingle family
$385,000
3016 Lakewood Dr N
Maplewood MN 55109
4 beds, 2.5 baths, 1,928 sqft
3016 Lakewood Dr N is a 4 beds, 2.5 baths, 1,928 sqft single family home for sale at $385,000 in Maplewood MN 55109. At 20% down it rents for an estimated $3,000/mo and returns $300/mo a month at a 7.5% 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
- $3,000/mo
- Monthly cash flow
- $300/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.7%
- Max offer
- $359,000
Offer ≤ $359,000 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.