For saleTownhouse
$264,900
12217 Drake St NW
Coon Rapids MN 55448
3 beds, 2 baths, 1,800 sqft
12217 Drake St NW is a 3 beds, 2 baths, 1,800 sqft townhouse home for sale at $264,900 in Coon Rapids MN 55448. At 20% down it rents for an estimated $2,200/mo and returns $130/mo a month at a 7.3% 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
- $2,200/mo
- Monthly cash flow
- $130/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.0%
- Max offer
- $237,000
Offer ≤ $237,000 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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