For saleSingle family
$393,000
1490 Rainbow Ave
Maple Plain MN 55359
4 beds, 1.5 baths, 2,175 sqft
1490 Rainbow Ave is a 4 beds, 1.5 baths, 2,175 sqft single family home for sale at $393,000 in Maple Plain MN 55359. At 20% down it rents for an estimated $3,300/mo and returns $494/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
- $3,300/mo
- Monthly cash flow
- $494/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 7.5%
- Max offer
- $389,500
Offer ≤ $389,500 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading