For saleSingle family
$399,000
7850 Grinnell Ct E
Lakeville MN 55044
4 beds, 2 baths, 1,957 sqft
7850 Grinnell Ct E is a 4 beds, 2 baths, 1,957 sqft single family home for sale at $399,000 in Lakeville MN 55044. At 20% down it rents for an estimated $2,700/mo and returns -$148/mo a month at a 6.2% 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
- $2,700/mo
- Monthly cash flow
- -$148/mo
- Cap rate
- 6.2%
- Cash-on-cash
- -2.2%
- Max offer
- $319,000
Offer ≤ $319,000 (20% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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