For saleTownhouse
$210,000
987 Carmel Ct
Shoreview MN 55126
2 beds, 1 bath, 1,140 sqft
987 Carmel Ct is a 2 beds, 1 bath, 1,140 sqft townhouse home for sale at $210,000 in Shoreview MN 55126. At 20% down it rents for an estimated $1,950/mo and returns $353/mo a month at a 8.7% 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
- $1,950/mo
- Monthly cash flow
- $353/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 10.1%
- Max offer
- $210,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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