For saleTownhouse
$260,000
16590 72nd Ct NE
Elk River MN 55330
3 beds, 1.5 baths, 1,614 sqft
16590 72nd Ct NE is a 3 beds, 1.5 baths, 1,614 sqft townhouse home for sale at $260,000 in Elk River MN 55330. At 20% down it rents for an estimated $2,225/mo and returns $176/mo a month at a 7.3% 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
- $176/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 4.1%
- Max offer
- $238,000
Offer ≤ $238,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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