For saleSingle family
$369,900
23895 Granada Ave N
Forest Lake MN 55025
3 beds, 2.5 baths, 1,768 sqft
23895 Granada Ave N is a 3 beds, 2.5 baths, 1,768 sqft single family home for sale at $369,900 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,200/mo and returns -$441/mo a month at a 5.2% 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
- $2,200/mo
- Monthly cash flow
- -$441/mo
- Cap rate
- 5.2%
- Cash-on-cash
- -7.1%
- Max offer
- $260,000
Offer ≤ $260,000 (30% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading