For saleCondo
$599,000
887 8th Ave SE Unit D
Forest Lake MN 55025
3 beds, 2 baths, 1,536 sqft
887 8th Ave SE Unit D is a 3 beds, 2 baths, 1,536 sqft condo home for sale at $599,000 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,200/mo and returns -$2,169/mo a month at a 2.3% 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
- $2,200/mo
- Monthly cash flow
- -$2,169/mo
- Cap rate
- 2.3%
- Cash-on-cash
- -21.7%
- Max offer
- $231,000
Offer ≤ $231,000 (61% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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