For saleTownhouse
$215,000
5216 207th St N
Forest Lake MN 55025
2 beds, 1.5 baths, 1,400 sqft
5216 207th St N is a 2 beds, 1.5 baths, 1,400 sqft townhouse home for sale at $215,000 in Forest Lake MN 55025. At 20% down it rents for an estimated $1,975/mo and returns $230/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
- $1,975/mo
- Monthly cash flow
- $230/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.4%
- Max offer
- $207,500
Offer ≤ $207,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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