$109,900
438 Romeo Dr Unit 314
Lakeville MN 55044
3 beds, 2 baths
438 Romeo Dr Unit 314 is a 3 beds, 2 baths single family home for sale at $109,900 in Lakeville MN 55044. See the full deal score, rent estimate, cash flow, cap rate, and max offer below.
$109,900
438 Romeo Dr Unit 314
Lakeville MN 55044
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Pro forma
Every number on this page assumes the home stays rented and nothing is set aside. That is deliberate, but it is not what most landlords spend. Standard investor assumptions (23% of rent, about $477/mo for management, vacancy, maintenance and CapEx) would put cash flow at $920/mo. Set your own below.
Monthly payment (PITI)
- Principal & interest$531
- Property tax$110
- Insurance$37
- Total payment$678/mo
Cash-flow math charges taxes, insurance, HOA and PMI in full and holds nothing back from rent, the same basis your board ranks on. Management, vacancy, maintenance and CapEx are yours to set above.
Cash you'd need to close (est.)
- Down payment (25.0%)$27,475
- Closing costs (~3%: title, lender, prepaid escrow)$3,297
- Reserves (2 months of payments)$1,356
- Total cash to close$32,128
An estimate — your lender's Loan Estimate is the real number. Doesn't include any repairs needed before renting.
Where it sits
438 Romeo Dr Unit 314 in context — the streets, water and amenities around it.
Property details
438 Romeo Dr Unit 314 · Lakeville MN 55044
- Beds
- 3
- Baths
- 2
- Home type
- Single family
- Days on market
- 752 days
- HOA
- None
- Status
- For Sale
Status per the source feed — contingent/pending changes can lag the MLS by up to ~12 hours.