For saleSingle family
$350,000
18181 Ironton St NW
Elk River MN 55330
5 beds, 2 baths, 1,967 sqft
18181 Ironton St NW is a 5 beds, 2 baths, 1,967 sqft single family home for sale at $350,000 in Elk River MN 55330. At 20% down it rents for an estimated $2,850/mo and returns $395/mo a month at a 7.9% 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
- $2,850/mo
- Monthly cash flow
- $395/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.8%
- Max offer
- $341,000
Offer ≤ $341,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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