For saleSingle family
$260,000
468 1st Ave SW
Forest Lake MN 55025
3 beds, 1 bath, 1,360 sqft
468 1st Ave SW is a 3 beds, 1 bath, 1,360 sqft single family home for sale at $260,000 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,200/mo and returns $344/mo a month at a 8.3% 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
- $344/mo
- Cap rate
- 8.3%
- Cash-on-cash
- 7.9%
- Max offer
- $259,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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