For saleSingle family
$124,900
430 Romeo Dr Unit 307
Lakeville MN 55044
3 beds, 2 baths
430 Romeo Dr Unit 307 is a 3 beds, 2 baths single family home for sale at $124,900 in Lakeville MN 55044. At 20% down it rents for an estimated $2,400/mo and returns $1,508/mo a month at a 21.2% 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
- $2,400/mo
- Monthly cash flow
- $1,508/mo
- Cap rate
- 21.2%
- Cash-on-cash
- 72.5%
- Max offer
- $124,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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