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 $2,200/mo and returns $594/mo a month at a 9.8% 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
- $2,200/mo
- Monthly cash flow
- $594/mo
- Cap rate
- 9.8%
- Cash-on-cash
- 15.9%
- Max offer
- $224,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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