For saleSingle family
$375,000
317 8th St
Farmington MN 55024
5 beds, 2 baths, 2,850 sqft
317 8th St is a 5 beds, 2 baths, 2,850 sqft single family home for sale at $375,000 in Farmington MN 55024. At 20% down it rents for an estimated $3,000/mo and returns $323/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
- $3,000/mo
- Monthly cash flow
- $323/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.2%
- Max offer
- $354,000
Offer ≤ $354,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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