For saleTownhouse
$249,900
21213 N Morgan Dr
Forest Lake MN 55025
3 beds, 2.5 baths, 1,486 sqft
21213 N Morgan Dr is a 3 beds, 2.5 baths, 1,486 sqft townhouse home for sale at $249,900 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,200/mo and returns $179/mo a month at a 7.5% 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
- $179/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.3%
- Max offer
- $230,500
Offer ≤ $230,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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