For saleTownhouse
$398,434
8780 Island Echo Trl N Unit C
Lake Elmo MN 55042
3 beds, 3 baths, 1,898 sqft
8780 Island Echo Trl N Unit C is a 3 beds, 3 baths, 1,898 sqft townhouse home for sale at $398,434 in Lake Elmo MN 55042. At 20% down it rents for an estimated $3,225/mo and returns $203/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
- $203/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.1%
- Max offer
- $357,500
Offer ≤ $357,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading