For saleSingle family
$549,900
3081 Laverne Ct N
Lake Elmo MN 55042
4 beds, 2 baths, 3,548 sqft
3081 Laverne Ct N is a 4 beds, 2 baths, 3,548 sqft single family home for sale at $549,900 in Lake Elmo MN 55042. At 20% down it rents for an estimated $2,125/mo and returns -$1,801/mo a month at a 2.7% 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
- $2,125/mo
- Monthly cash flow
- -$1,801/mo
- Cap rate
- 2.7%
- Cash-on-cash
- -19.6%
- Max offer
- $252,500
Offer ≤ $252,500 (54% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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