For saleSingle family
$444,998
18532 Salem St NW
Elk River MN 55330
5 beds, 3 baths, 2,344 sqft
18532 Salem St NW is a 5 beds, 3 baths, 2,344 sqft single family home for sale at $444,998 in Elk River MN 55330. At 20% down it rents for an estimated $3,925/mo and returns $804/mo a month at a 8.7% 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
- $3,925/mo
- Monthly cash flow
- $804/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 10.8%
- Max offer
- $444,998
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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