For saleSingle family
$350,000
8370 59th St N
Lake Elmo MN 55042
3 beds, 2 baths, 2,370 sqft
8370 59th St N is a 3 beds, 2 baths, 2,370 sqft single family home for sale at $350,000 in Lake Elmo MN 55042. At 20% down it rents for an estimated $2,900/mo and returns $445/mo a month at a 8.0% 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
- $2,900/mo
- Monthly cash flow
- $445/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 7.6%
- Max offer
- $347,000
Offer ≤ $347,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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