Pending saleSingle family
$375,000
486 Forsham Lake Dr
Circle Pines MN 55014
3 beds, 2 baths, 1,474 sqft
486 Forsham Lake Dr is a 3 beds, 2 baths, 1,474 sqft single family home pending sale at $375,000 in Circle Pines MN 55014. At 20% down it rents for an estimated $2,525/mo and returns -$152/mo a month at a 6.2% 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
- $2,525/mo
- Monthly cash flow
- -$152/mo
- Cap rate
- 6.2%
- Cash-on-cash
- -2.4%
- Max offer
- $298,500
Offer ≤ $298,500 (20% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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