For saleSingle family
$659,465
18349 Hornby Dr
Lakeville MN 55044
4 beds, 3 baths, 2,692 sqft
18349 Hornby Dr is a 4 beds, 3 baths, 2,692 sqft single family home for sale at $659,465 in Lakeville MN 55044. At 20% down it rents for an estimated $2,900/mo and returns -$1,808/mo a month at a 3.4% 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
- $2,900/mo
- Monthly cash flow
- -$1,808/mo
- Cap rate
- 3.4%
- Cash-on-cash
- -16.4%
- Max offer
- $344,000
Offer ≤ $344,000 (48% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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