For saleTownhouse
$524,900
17790 Hoover St NW
Elk River MN 55330
2 beds, 2 baths, 1,776 sqft
17790 Hoover St NW is a 2 beds, 2 baths, 1,776 sqft townhouse home for sale at $524,900 in Elk River MN 55330. At 20% down it rents for an estimated $1,300/mo and returns -$2,407/mo a month at a 1.2% 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
- $1,300/mo
- Monthly cash flow
- -$2,407/mo
- Cap rate
- 1.2%
- Cash-on-cash
- -27.5%
- Max offer
- $139,500
Offer ≤ $139,500 (73% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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