For saleTownhouse
$480,000
22516 Evergreen Cir
Forest Lake MN 55025
3 beds, 3 baths, 2,817 sqft
22516 Evergreen Cir is a 3 beds, 3 baths, 2,817 sqft townhouse home for sale at $480,000 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,200/mo and returns -$1,338/mo a month at a 3.3% 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
- -$1,338/mo
- Cap rate
- 3.3%
- Cash-on-cash
- -16.7%
- Max offer
- $234,500
Offer ≤ $234,500 (51% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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