For saleTownhouse
$200,900
20616 Erin Way Unit 74
Farmington MN 55024
2 beds, 1.5 baths, 1,175 sqft
20616 Erin Way Unit 74 is a 2 beds, 1.5 baths, 1,175 sqft townhouse home for sale at $200,900 in Farmington MN 55024. At 20% down it rents for an estimated $1,875/mo and returns $235/mo a month at a 7.9% 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
- $1,875/mo
- Monthly cash flow
- $235/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 7.0%
- Max offer
- $196,500
Offer ≤ $196,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.