For saleTownhouse
$393,310
8760 Island Echo Trl N Unit D
Lake Elmo MN 55042
3 beds, 4 baths, 1,898 sqft
8760 Island Echo Trl N Unit D is a 3 beds, 4 baths, 1,898 sqft townhouse home for sale at $393,310 in Lake Elmo MN 55042. At 20% down it rents for an estimated $3,225/mo and returns $173/mo a month at a 7.2% 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
- $3,225/mo
- Monthly cash flow
- $173/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 2.6%
- Max offer
- $349,500
Offer ≤ $349,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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