For saleSingle family
$400,000
14290 183rd Ave NW
Elk River MN 55330
5 beds, 2 baths, 2,335 sqft
14290 183rd Ave NW is a 5 beds, 2 baths, 2,335 sqft single family home for sale at $400,000 in Elk River MN 55330. At 20% down it rents for an estimated $3,325/mo and returns $469/mo a month at a 8.1% 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
- $3,325/mo
- Monthly cash flow
- $469/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.0%
- Max offer
- $392,500
Offer ≤ $392,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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