For saleTownhouse
$285,000
11216 204th St W
Lakeville MN 55044
3 beds, 2.5 baths, 1,698 sqft
11216 204th St W is a 3 beds, 2.5 baths, 1,698 sqft townhouse home for sale at $285,000 in Lakeville MN 55044. At 20% down it rents for an estimated $2,500/mo and returns $258/mo a month at a 7.8% 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
- $2,500/mo
- Monthly cash flow
- $258/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.4%
- Max offer
- $269,500
Offer ≤ $269,500 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading