For saleTownhouse
$279,898
16644 72nd Ct NE
Elk River MN 55330
3 beds, 2.5 baths, 1,736 sqft
16644 72nd Ct NE is a 3 beds, 2.5 baths, 1,736 sqft townhouse home for sale at $279,898 in Elk River MN 55330. At 20% down it rents for an estimated $2,325/mo and returns $145/mo a month at a 7.1% 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
- $2,325/mo
- Monthly cash flow
- $145/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 3.1%
- Max offer
- $251,000
Offer ≤ $251,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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