For saleTownhouse
$374,990
8699 5th St N
Lake Elmo MN 55042
2 beds, 1,898 sqft
8699 5th St N is a 2 beds, 1,898 sqft townhouse home for sale at $374,990 in Lake Elmo MN 55042. At 20% down it rents for an estimated $2,775/mo and returns -$155/mo a month at a 6.2% 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
- $2,775/mo
- Monthly cash flow
- -$155/mo
- Cap rate
- 6.2%
- Cash-on-cash
- -2.5%
- Max offer
- $293,500
Offer ≤ $293,500 (22% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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