For saleTownhouse
$219,900
20657 Fenston Ave N
Forest Lake MN 55025
2 beds, 1.5 baths, 1,380 sqft
20657 Fenston Ave N is a 2 beds, 1.5 baths, 1,380 sqft townhouse home for sale at $219,900 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,000/mo and returns $205/mo a month at a 7.8% 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
- $2,000/mo
- Monthly cash flow
- $205/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.6%
- Max offer
- $208,500
Offer ≤ $208,500 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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