For saleTownhouse
$285,000
1214 Island Dr
Forest Lake MN 55025
3 beds, 2 baths, 1,786 sqft
1214 Island Dr is a 3 beds, 2 baths, 1,786 sqft townhouse home for sale at $285,000 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,250/mo and returns $122/mo a month at a 7.0% 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
- $2,250/mo
- Monthly cash flow
- $122/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 2.6%
- Max offer
- $252,000
Offer ≤ $252,000 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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