For saleSingle family
$455,000
20843 Iteri Ave
Lakeville MN 55044
5 beds, 3 baths, 3,299 sqft
20843 Iteri Ave is a 5 beds, 3 baths, 3,299 sqft single family home for sale at $455,000 in Lakeville MN 55044. At 20% down it rents for an estimated $3,700/mo and returns $452/mo a month at a 7.9% 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
- $3,700/mo
- Monthly cash flow
- $452/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.0%
- Max offer
- $436,500
Offer ≤ $436,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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