For saleTownhouse
$438,205
8780 Island Echo Trl N Unit A
Lake Elmo MN 55042
3 beds, 3 baths, 2,194 sqft
8780 Island Echo Trl N Unit A is a 3 beds, 3 baths, 2,194 sqft townhouse home for sale at $438,205 in Lake Elmo MN 55042. At 20% down it rents for an estimated $3,225/mo and returns -$62/mo a month at a 6.5% 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
- $3,225/mo
- Monthly cash flow
- -$62/mo
- Cap rate
- 6.5%
- Cash-on-cash
- -0.9%
- Max offer
- $358,000
Offer ≤ $358,000 (18% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading