For saleSingle family
$439,900
1268 15th Ave SE
Forest Lake MN 55025
5 beds, 4 baths, 2,805 sqft
1268 15th Ave SE is a 5 beds, 4 baths, 2,805 sqft single family home for sale at $439,900 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,800/mo and returns -$340/mo a month at a 5.7% 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
- $2,800/mo
- Monthly cash flow
- -$340/mo
- Cap rate
- 5.7%
- Cash-on-cash
- -4.6%
- Max offer
- $331,000
Offer ≤ $331,000 (25% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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