For saleTownhouse
$442,935
8760 Island Echo Trl N Unit E
Lake Elmo MN 55042
4 beds, 5 baths, 2,194 sqft
8760 Island Echo Trl N Unit E is a 4 beds, 5 baths, 2,194 sqft townhouse home for sale at $442,935 in Lake Elmo MN 55042. At 20% down it rents for an estimated $3,625/mo and returns $176/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
- $3,625/mo
- Monthly cash flow
- $176/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.4%
- Max offer
- $391,500
Offer ≤ $391,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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