For saleTownhouse
$249,000
6389 208th Street Way N
Forest Lake MN 55025
2 beds, 1.5 baths, 1,398 sqft
6389 208th Street Way N is a 2 beds, 1.5 baths, 1,398 sqft townhouse home for sale at $249,000 in Forest Lake MN 55025. At 20% down it rents for an estimated $1,975/mo and returns $68/mo a month at a 6.8% 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
- $1,975/mo
- Monthly cash flow
- $68/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.6%
- Max offer
- $215,500
Offer ≤ $215,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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