For saleSingle family
$500,065
7415 Imperial Way
Elko New Market MN 55020
5 beds, 3.5 baths, 2,513 sqft
7415 Imperial Way is a 5 beds, 3.5 baths, 2,513 sqft single family home for sale at $500,065 in Elko New Market MN 55020. At 20% down it rents for an estimated $1,825/mo and returns -$1,745/mo a month at a 2.5% 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
- $1,825/mo
- Monthly cash flow
- -$1,745/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -20.9%
- Max offer
- $217,000
Offer ≤ $217,000 (57% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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