For saleSingle family
$339,900
744 6th St SE
Forest Lake MN 55025
4 beds, 2 baths, 1,617 sqft
744 6th St SE is a 4 beds, 2 baths, 1,617 sqft single family home for sale at $339,900 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,425/mo and returns -$1/mo a month at a 6.7% 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
- $2,425/mo
- Monthly cash flow
- -$1/mo
- Cap rate
- 6.7%
- Cash-on-cash
- -0.0%
- Max offer
- $286,500
Offer ≤ $286,500 (16% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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