For saleSingle family
$350,000
467 N Shore Dr
Forest Lake MN 55025
4 beds, 2 baths, 1,724 sqft
467 N Shore Dr is a 4 beds, 2 baths, 1,724 sqft single family home for sale at $350,000 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,400/mo and returns -$99/mo a month at a 6.3% 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
- $2,400/mo
- Monthly cash flow
- -$99/mo
- Cap rate
- 6.3%
- Cash-on-cash
- -1.7%
- Max offer
- $283,500
Offer ≤ $283,500 (19% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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