For saleSingle family
$479,000
615 Elm St NE
Lonsdale MN 55046
5 beds, 4 baths, 3,091 sqft
615 Elm St NE is a 5 beds, 4 baths, 3,091 sqft single family home for sale at $479,000 in Lonsdale MN 55046. At 20% down it rents for an estimated $1,400/mo and returns -$2,019/mo a month at a 1.6% 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
- $1,400/mo
- Monthly cash flow
- -$2,019/mo
- Cap rate
- 1.6%
- Cash-on-cash
- -25.3%
- Max offer
- $167,000
Offer ≤ $167,000 (65% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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