For saleTownhouse
$297,500
14516 Lockslie Trl
Savage MN 55378
3 beds, 2.5 baths, 1,591 sqft
14516 Lockslie Trl is a 3 beds, 2.5 baths, 1,591 sqft townhouse home for sale at $297,500 in Savage MN 55378. At 20% down it rents for an estimated $2,475/mo and returns $125/mo a month at a 7.0% 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
- $2,475/mo
- Monthly cash flow
- $125/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 2.5%
- Max offer
- $263,000
Offer ≤ $263,000 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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