For saleTownhouse
$405,174
8785 Island Echo Trl N Unit D
Lake Elmo MN 55042
3 beds, 3 baths, 1,898 sqft
8785 Island Echo Trl N Unit D is a 3 beds, 3 baths, 1,898 sqft townhouse home for sale at $405,174 in Lake Elmo MN 55042. At 20% down it rents for an estimated $3,225/mo and returns $158/mo a month at a 7.1% 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
- $3,225/mo
- Monthly cash flow
- $158/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.3%
- Max offer
- $357,500
Offer ≤ $357,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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