For saleSingle family
$450,000
18337 Roosevelt Cir NW
Elk River MN 55330
4 beds, 3 baths, 2,665 sqft
18337 Roosevelt Cir NW is a 4 beds, 3 baths, 2,665 sqft single family home for sale at $450,000 in Elk River MN 55330. At 20% down it rents for an estimated $2,450/mo and returns -$762/mo a month at a 4.6% 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
- $2,450/mo
- Monthly cash flow
- -$762/mo
- Cap rate
- 4.6%
- Cash-on-cash
- -10.2%
- Max offer
- $290,000
Offer ≤ $290,000 (36% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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