For saleTownhouse
$396,135
8780 Island Echo Trl N Unit B
Lake Elmo MN 55042
3 beds, 3 baths, 1,898 sqft
8780 Island Echo Trl N Unit B is a 3 beds, 3 baths, 1,898 sqft townhouse home for sale at $396,135 in Lake Elmo MN 55042. At 20% down it rents for an estimated $3,225/mo and returns $219/mo a month at a 7.3% 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
- $219/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.3%
- Max offer
- $357,500
Offer ≤ $357,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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