For saleSingle family
$350,000
842 Vernon Ave NW
Elk River MN 55330
4 beds, 2 baths, 1,267 sqft
842 Vernon Ave NW is a 4 beds, 2 baths, 1,267 sqft single family home for sale at $350,000 in Elk River MN 55330. At 20% down it rents for an estimated $2,800/mo and returns $345/mo a month at a 7.7% 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
- $2,800/mo
- Monthly cash flow
- $345/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.9%
- Max offer
- $335,000
Offer ≤ $335,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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