For saleSingle family
$589,900
19575 Elgin St NW
Elk River MN 55330
4 beds, 4 baths, 3,596 sqft
19575 Elgin St NW is a 4 beds, 4 baths, 3,596 sqft single family home for sale at $589,900 in Elk River MN 55330. At 20% down it rents for an estimated $3,000/mo and returns -$1,211/mo a month at a 4.2% 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
- $3,000/mo
- Monthly cash flow
- -$1,211/mo
- Cap rate
- 4.2%
- Cash-on-cash
- -12.3%
- Max offer
- $355,500
Offer ≤ $355,500 (40% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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