For saleSingle family
$419,900
23870 Granada Ave N
Forest Lake MN 55025
3 beds, 3 baths, 2,032 sqft
23870 Granada Ave N is a 3 beds, 3 baths, 2,032 sqft single family home for sale at $419,900 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,200/mo and returns -$798/mo a month at a 4.4% 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
- -$798/mo
- Cap rate
- 4.4%
- Cash-on-cash
- -11.4%
- Max offer
- $260,500
Offer ≤ $260,500 (38% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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