For saleTownhouse
$229,900
6333 Saddlebred Way
Forest Lake MN 55025
2 beds, 1.5 baths, 1,364 sqft
6333 Saddlebred Way is a 2 beds, 1.5 baths, 1,364 sqft townhouse home for sale at $229,900 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,000/mo and returns $128/mo a month at a 7.3% 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
- $2,000/mo
- Monthly cash flow
- $128/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.3%
- Max offer
- $207,500
Offer ≤ $207,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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