For saleSingle family
$224,900
643 W Broadway Ave
Forest Lake MN 55025
3 beds, 1.5 baths, 1,410 sqft
643 W Broadway Ave is a 3 beds, 1.5 baths, 1,410 sqft single family home for sale at $224,900 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,450/mo and returns $873/mo a month at a 11.2% 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
- $2,450/mo
- Monthly cash flow
- $873/mo
- Cap rate
- 11.2%
- Cash-on-cash
- 23.3%
- Max offer
- $224,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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