For saleSingle family
$405,000
19055 Enchanted Way
Farmington MN 55024
4 beds, 2 baths, 1,974 sqft
19055 Enchanted Way is a 4 beds, 2 baths, 1,974 sqft single family home for sale at $405,000 in Farmington MN 55024. At 20% down it rents for an estimated $3,250/mo and returns $359/mo a month at a 7.7% 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
- $3,250/mo
- Monthly cash flow
- $359/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.3%
- Max offer
- $383,500
Offer ≤ $383,500 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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