For saleSingle family
$79,900
113 1st St SW
Fairfax MN 55332
2 beds, 1 bath, 763 sqft
113 1st St SW is a 2 beds, 1 bath, 763 sqft single family home for sale at $79,900 in Fairfax MN 55332. At 20% down it rents for an estimated $850/mo and returns $290/mo a month at a 10.9% 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
- $850/mo
- Monthly cash flow
- $290/mo
- Cap rate
- 10.9%
- Cash-on-cash
- 21.7%
- Max offer
- $79,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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