For saleSingle family
$299,750
532 W Broadway Ave
Forest Lake MN 55025
4 beds, 1 bath, 1,412 sqft
532 W Broadway Ave is a 4 beds, 1 bath, 1,412 sqft single family home for sale at $299,750 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,400/mo and returns $260/mo a month at a 7.7% 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
- $2,400/mo
- Monthly cash flow
- $260/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.2%
- Max offer
- $283,000
Offer ≤ $283,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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