For saleTownhouse
$305,000
7224 Elmo Ct
Lino Lakes MN 55038
3 beds, 2.5 baths, 1,769 sqft
7224 Elmo Ct is a 3 beds, 2.5 baths, 1,769 sqft townhouse home for sale at $305,000 in Lino Lakes MN 55038. At 20% down it rents for an estimated $2,600/mo and returns $267/mo a month at a 7.7% 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
- $2,600/mo
- Monthly cash flow
- $267/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.3%
- Max offer
- $287,500
Offer ≤ $287,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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