For saleSingle family
$675,000
8281 Deer Pond Trl N
Lake Elmo MN 55042
4 beds, 3 baths, 3,236 sqft
8281 Deer Pond Trl N is a 4 beds, 3 baths, 3,236 sqft single family home for sale at $675,000 in Lake Elmo MN 55042. At 20% down it rents for an estimated $2,975/mo and returns -$1,844/mo a month at a 3.4% 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
- $2,975/mo
- Monthly cash flow
- -$1,844/mo
- Cap rate
- 3.4%
- Cash-on-cash
- -16.4%
- Max offer
- $353,000
Offer ≤ $353,000 (48% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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