For saleSingle family
$975,000
975 Jewel Ave N
Lake Elmo MN 55042
3 beds, 3 baths, 3,506 sqft
975 Jewel Ave N is a 3 beds, 3 baths, 3,506 sqft single family home for sale at $975,000 in Lake Elmo MN 55042. At 20% down it rents for an estimated $3,150/mo and returns -$3,810/mo a month at a 2.0% 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
- $3,150/mo
- Monthly cash flow
- -$3,810/mo
- Cap rate
- 2.0%
- Cash-on-cash
- -23.4%
- Max offer
- $375,500
Offer ≤ $375,500 (61% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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