For saleSingle family
$635,935
18355 Hornby Dr
Lakeville MN 55044
4 beds, 2.5 baths, 2,487 sqft
18355 Hornby Dr is a 4 beds, 2.5 baths, 2,487 sqft single family home for sale at $635,935 in Lakeville MN 55044. At 20% down it rents for an estimated $2,900/mo and returns -$1,640/mo a month at a 3.6% 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
- -$1,640/mo
- Cap rate
- 3.6%
- Cash-on-cash
- -15.5%
- Max offer
- $344,000
Offer ≤ $344,000 (46% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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