For saleTownhouse
$279,900
16604 72nd Ct NE
Elk River MN 55330
3 beds, 2.5 baths, 1,684 sqft
16604 72nd Ct NE is a 3 beds, 2.5 baths, 1,684 sqft townhouse home for sale at $279,900 in Elk River MN 55330. At 20% down it rents for an estimated $2,225/mo and returns $45/mo a month at a 6.7% 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
- $2,225/mo
- Monthly cash flow
- $45/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 1.0%
- Max offer
- $238,000
Offer ≤ $238,000 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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