For saleSingle family
$649,000
5380 245th St
Forest Lake MN 55025
4 beds, 3 baths, 3,300 sqft
5380 245th St is a 4 beds, 3 baths, 3,300 sqft single family home for sale at $649,000 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,400/mo and returns -$2,233/mo a month at a 2.5% 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
- -$2,233/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -20.6%
- Max offer
- $285,500
Offer ≤ $285,500 (56% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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