For saleSingle family
$659,900
8620 Irving Cir N
Lake Elmo MN 55042
3 beds, 3 baths, 2,596 sqft
8620 Irving Cir N is a 3 beds, 3 baths, 2,596 sqft single family home for sale at $659,900 in Lake Elmo MN 55042. At 20% down it rents for an estimated $2,425/mo and returns -$2,286/mo a month at a 2.5% 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
- $2,425/mo
- Monthly cash flow
- -$2,286/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -20.8%
- Max offer
- $288,500
Offer ≤ $288,500 (56% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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