For saleSingle family
$499,900
21145 Fondant Ave N
Forest Lake MN 55025
4 beds, 2 baths, 1,938 sqft
21145 Fondant Ave N is a 4 beds, 2 baths, 1,938 sqft single family home for sale at $499,900 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,475/mo and returns -$1,094/mo a month at a 4.0% 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
- $2,475/mo
- Monthly cash flow
- -$1,094/mo
- Cap rate
- 4.0%
- Cash-on-cash
- -13.1%
- Max offer
- $293,000
Offer ≤ $293,000 (41% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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