For saleTownhouse
$405,000
9516 4th St N
Lake Elmo MN 55042
3 beds, 3 baths, 1,983 sqft
9516 4th St N is a 3 beds, 3 baths, 1,983 sqft townhouse home for sale at $405,000 in Lake Elmo MN 55042. At 20% down it rents for an estimated $3,150/mo and returns $89/mo a month at a 6.9% 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
- $3,150/mo
- Monthly cash flow
- $89/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.3%
- Max offer
- $349,000
Offer ≤ $349,000 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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