For saleTownhouse
$279,000
2002 Mesabi Ave E
Maplewood MN 55109
3 beds, 2 baths, 1,450 sqft
2002 Mesabi Ave E is a 3 beds, 2 baths, 1,450 sqft townhouse home for sale at $279,000 in Maplewood MN 55109. At 20% down it rents for an estimated $2,250/mo and returns $236/mo a month at a 7.7% 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
- $2,250/mo
- Monthly cash flow
- $236/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.1%
- Max offer
- $262,000
Offer ≤ $262,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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