For saleTownhouse
$299,788
6192 205th St N
Forest Lake MN 55025
3 beds, 2.5 baths, 1,517 sqft
6192 205th St N is a 3 beds, 2.5 baths, 1,517 sqft townhouse home for sale at $299,788 in Forest Lake MN 55025. At 20% down it rents for an estimated $2,350/mo and returns $49/mo a month at a 6.7% 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
- $2,350/mo
- Monthly cash flow
- $49/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 1.0%
- Max offer
- $255,000
Offer ≤ $255,000 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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