For saleSingle family
$549,900
20024 Fern Glen Ln N
Forest Lake MN 55025
5 beds, 4 baths, 3,228 sqft
20024 Fern Glen Ln N is a 5 beds, 4 baths, 3,228 sqft single family home for sale at $549,900 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,800/mo and returns -$1,126/mo a month at a 4.2% 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
- $2,800/mo
- Monthly cash flow
- -$1,126/mo
- Cap rate
- 4.2%
- Cash-on-cash
- -12.3%
- Max offer
- $331,500
Offer ≤ $331,500 (40% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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