For saleSingle family
$474,900
22048 Elston Ave
Forest Lake MN 55025
4 beds, 3 baths, 2,792 sqft
22048 Elston Ave is a 4 beds, 3 baths, 2,792 sqft single family home for sale at $474,900 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,400/mo and returns -$990/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
- $2,400/mo
- Monthly cash flow
- -$990/mo
- Cap rate
- 4.2%
- Cash-on-cash
- -12.5%
- Max offer
- $284,500
Offer ≤ $284,500 (40% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading