For saleSingle family
$359,900
2123 Fairway Dr NE
Columbia Heights MN 55421
2 beds, 2 baths, 2,040 sqft
2123 Fairway Dr NE is a 2 beds, 2 baths, 2,040 sqft single family home for sale at $359,900 in Columbia Heights MN 55421. At 20% down it rents for an estimated $1,300/mo and returns -$1,269/mo a month at a 2.4% 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
- $1,300/mo
- Monthly cash flow
- -$1,269/mo
- Cap rate
- 2.4%
- Cash-on-cash
- -21.2%
- Max offer
- $154,500
Offer ≤ $154,500 (57% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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