For saleSingle family
$484,990
7414 Imperial Way
Elko New Market MN 55020
4 beds, 4 baths, 2,402 sqft
7414 Imperial Way is a 4 beds, 4 baths, 2,402 sqft single family home for sale at $484,990 in Elko New Market MN 55020. At 20% down it rents for an estimated $1,675/mo and returns -$1,787/mo a month at a 2.2% 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
- $1,675/mo
- Monthly cash flow
- -$1,787/mo
- Cap rate
- 2.2%
- Cash-on-cash
- -22.1%
- Max offer
- $199,500
Offer ≤ $199,500 (59% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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