For saleSingle family
$379,000
11344 Elk Ln NW
Elk River MN 55330
4 beds, 2 baths, 2,420 sqft
11344 Elk Ln NW is a 4 beds, 2 baths, 2,420 sqft single family home for sale at $379,000 in Elk River MN 55330. At 20% down it rents for an estimated $2,825/mo and returns $167/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
- $2,825/mo
- Monthly cash flow
- $167/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 2.6%
- Max offer
- $338,500
Offer ≤ $338,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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