For saleTownhouse
$220,000
7553 Wedgewood Way N
Maple Grove MN 55311
2 beds, 2 baths, 1,100 sqft
7553 Wedgewood Way N is a 2 beds, 2 baths, 1,100 sqft townhouse home for sale at $220,000 in Maple Grove MN 55311. At 20% down it rents for an estimated $2,100/mo and returns $308/mo a month at a 8.3% 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
- $2,100/mo
- Monthly cash flow
- $308/mo
- Cap rate
- 8.3%
- Cash-on-cash
- 8.4%
- Max offer
- $220,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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