For saleTownhouse
$265,900
16373 Elm Creek Ln Unit 7051
Lakeville MN 55044
3 beds, 2.5 baths, 1,413 sqft
16373 Elm Creek Ln Unit 7051 is a 3 beds, 2.5 baths, 1,413 sqft townhouse home for sale at $265,900 in Lakeville MN 55044. At 20% down it rents for an estimated $2,250/mo and returns $157/mo a month at a 7.2% 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
- $2,250/mo
- Monthly cash flow
- $157/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.5%
- Max offer
- $240,500
Offer ≤ $240,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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