For saleTownhouse
$350,000
9868 5th Street Ln N
Lake Elmo MN 55042
3 beds, 2.5 baths, 1,904 sqft
9868 5th Street Ln N is a 3 beds, 2.5 baths, 1,904 sqft townhouse home for sale at $350,000 in Lake Elmo MN 55042. At 20% down it rents for an estimated $3,150/mo and returns $521/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
- $3,150/mo
- Monthly cash flow
- $521/mo
- Cap rate
- 8.3%
- Cash-on-cash
- 8.9%
- Max offer
- $350,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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