For saleTownhouse
$279,000
1264 Island Dr
Forest Lake MN 55025
3 beds, 2 baths, 1,874 sqft
1264 Island Dr is a 3 beds, 2 baths, 1,874 sqft townhouse home for sale at $279,000 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,250/mo and returns $90/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
- $2,250/mo
- Monthly cash flow
- $90/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.9%
- Max offer
- $243,000
Offer ≤ $243,000 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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