For saleTownhouse
$299,000
151 Morgan Ln
Lino Lakes MN 55014
4 beds, 3 baths, 1,940 sqft
151 Morgan Ln is a 4 beds, 3 baths, 1,940 sqft townhouse home for sale at $299,000 in Lino Lakes MN 55014. At 20% down it rents for an estimated $2,450/mo and returns $53/mo a month at a 6.9% 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
- $2,450/mo
- Monthly cash flow
- $53/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.1%
- Max offer
- $256,000
Offer ≤ $256,000 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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