For saleSingle family
$450,000
7515 209th St N
Forest Lake MN 55025
4 beds, 2.5 baths, 2,237 sqft
7515 209th St N is a 4 beds, 2.5 baths, 2,237 sqft single family home for sale at $450,000 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,525/mo and returns -$687/mo a month at a 4.8% 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
- -$687/mo
- Cap rate
- 4.8%
- Cash-on-cash
- -9.2%
- Max offer
- $299,000
Offer ≤ $299,000 (34% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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