For saleSingle family
$185,000
619 2nd Ave SW
Forest Lake MN 55025
2 beds, 1 bath, 1,092 sqft
619 2nd Ave SW is a 2 beds, 1 bath, 1,092 sqft single family home for sale at $185,000 in Forest Lake MN 55025. At 20% down it rents for an estimated $1,925/mo and returns $604/mo a month at a 10.6% 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
- $1,925/mo
- Monthly cash flow
- $604/mo
- Cap rate
- 10.6%
- Cash-on-cash
- 19.6%
- Max offer
- $185,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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