For saleSingle family
$599,900
4990 Jamaca Ave N
Lake Elmo MN 55042
3 beds, 2 baths, 2,939 sqft
4990 Jamaca Ave N is a 3 beds, 2 baths, 2,939 sqft single family home for sale at $599,900 in Lake Elmo MN 55042. At 20% down it rents for an estimated $2,500/mo and returns -$1,783/mo a month at a 3.1% 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
- $2,500/mo
- Monthly cash flow
- -$1,783/mo
- Cap rate
- 3.1%
- Cash-on-cash
- -17.8%
- Max offer
- $297,000
Offer ≤ $297,000 (50% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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