For saleSingle family
$299,999
68 6th St NW
Forest Lake MN 55025
3 beds, 2 baths, 1,480 sqft
68 6th St NW is a 3 beds, 2 baths, 1,480 sqft single family home for sale at $299,999 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,450/mo and returns $346/mo a month at a 7.9% 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
- $2,450/mo
- Monthly cash flow
- $346/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.9%
- Max offer
- $293,500
Offer ≤ $293,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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