For saleTownhouse
$249,900
6362 207th St N
Forest Lake MN 55025
3 beds, 2 baths, 1,414 sqft
6362 207th St N is a 3 beds, 2 baths, 1,414 sqft townhouse home for sale at $249,900 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,200/mo and returns $218/mo a month at a 7.7% 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
- $2,200/mo
- Monthly cash flow
- $218/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.2%
- Max offer
- $235,500
Offer ≤ $235,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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