For saleSingle family
$320,000
515 School St NW
Elk River MN 55330
4 beds, 2 baths, 1,561 sqft
515 School St NW is a 4 beds, 2 baths, 1,561 sqft single family home for sale at $320,000 in Elk River MN 55330. At 20% down it rents for an estimated $2,825/mo and returns $581/mo a month at a 8.7% 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
- $2,825/mo
- Monthly cash flow
- $581/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 10.9%
- Max offer
- $320,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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