For saleSingle family
$465,000
13185 Island View Dr NW
Elk River MN 55330
3 beds, 3 baths, 2,836 sqft
13185 Island View Dr NW is a 3 beds, 3 baths, 2,836 sqft single family home for sale at $465,000 in Elk River MN 55330. At 20% down it rents for an estimated $1,900/mo and returns -$1,420/mo a month at a 3.0% 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
- $1,900/mo
- Monthly cash flow
- -$1,420/mo
- Cap rate
- 3.0%
- Cash-on-cash
- -18.3%
- Max offer
- $225,500
Offer ≤ $225,500 (52% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading