For saleSingle family
$394,900
683 Elins Lake Rd SE
Cambridge MN 55008
5 beds, 3 baths, 2,294 sqft
683 Elins Lake Rd SE is a 5 beds, 3 baths, 2,294 sqft single family home for sale at $394,900 in Cambridge MN 55008. At 20% down it rents for an estimated $2,850/mo and returns $80/mo a month at a 6.8% 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
- $2,850/mo
- Monthly cash flow
- $80/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.2%
- Max offer
- $341,500
Offer ≤ $341,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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