For saleTownhouse
$579,900
8890 Irving Blvd N
Lake Elmo MN 55042
3 beds, 3 baths, 2,500 sqft
8890 Irving Blvd N is a 3 beds, 3 baths, 2,500 sqft townhouse home for sale at $579,900 in Lake Elmo MN 55042. At 20% down it rents for an estimated $3,150/mo and returns -$1,079/mo a month at a 4.4% 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
- $3,150/mo
- Monthly cash flow
- -$1,079/mo
- Cap rate
- 4.4%
- Cash-on-cash
- -11.2%
- Max offer
- $350,000
Offer ≤ $350,000 (40% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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