For saleSingle family
$435,000
3044 Lake St N
Maplewood MN 55109
5 beds, 2 baths, 2,824 sqft
3044 Lake St N is a 5 beds, 2 baths, 2,824 sqft single family home for sale at $435,000 in Maplewood MN 55109. At 20% down it rents for an estimated $3,350/mo and returns $299/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
- $3,350/mo
- Monthly cash flow
- $299/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 4.1%
- Max offer
- $401,000
Offer ≤ $401,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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