For saleSingle family
$430,000
6227 209th St N
Forest Lake MN 55025
5 beds, 3 baths, 2,689 sqft
6227 209th St N is a 5 beds, 3 baths, 2,689 sqft single family home for sale at $430,000 in Forest Lake MN 55025. At 20% down it rents for an estimated $3,050/mo and returns $34/mo a month at a 6.6% 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
- $3,050/mo
- Monthly cash flow
- $34/mo
- Cap rate
- 6.6%
- Cash-on-cash
- 0.5%
- Max offer
- $365,500
Offer ≤ $365,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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