For saleSingle family
$475,000
6608 Tele Ln
Lino Lakes MN 55038
5 beds, 3 baths, 2,366 sqft
6608 Tele Ln is a 5 beds, 3 baths, 2,366 sqft single family home for sale at $475,000 in Lino Lakes MN 55038. At 20% down it rents for an estimated $3,600/mo and returns $209/mo a month at a 7.2% 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
- $3,600/mo
- Monthly cash flow
- $209/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 2.6%
- Max offer
- $425,000
Offer ≤ $425,000 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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