For saleSingle family
$429,900
9155 Fairway Hill Dr
Elko New Market MN 55020
5 beds, 3 baths, 2,471 sqft
9155 Fairway Hill Dr is a 5 beds, 3 baths, 2,471 sqft single family home for sale at $429,900 in Elko New Market MN 55020. At 20% down it rents for an estimated $3,200/mo and returns $185/mo a month at a 7.0% 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
- $3,200/mo
- Monthly cash flow
- $185/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 2.6%
- Max offer
- $383,500
Offer ≤ $383,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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