For saleSingle family
$499,000
8989 Lake Jane Trl N
Lake Elmo MN 55042
4 beds, 2 baths, 2,012 sqft
8989 Lake Jane Trl N is a 4 beds, 2 baths, 2,012 sqft single family home for sale at $499,000 in Lake Elmo MN 55042. At 20% down it rents for an estimated $3,700/mo and returns $138/mo a month at a 7.0% 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
- $3,700/mo
- Monthly cash flow
- $138/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 1.7%
- Max offer
- $437,000
Offer ≤ $437,000 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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