For saleSingle family
$1,550,000
881 Jasmine Avenue Pl N
Lake Elmo MN 55042
6 beds, 5 baths, 5,725 sqft
881 Jasmine Avenue Pl N is a 6 beds, 5 baths, 5,725 sqft single family home for sale at $1,550,000 in Lake Elmo MN 55042. At 20% down it rents for an estimated $4,275/mo and returns -$6,790/mo a month at a 1.4% 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
- $4,275/mo
- Monthly cash flow
- -$6,790/mo
- Cap rate
- 1.4%
- Cash-on-cash
- -26.3%
- Max offer
- $511,000
Offer ≤ $511,000 (67% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading