For saleTownhouse
$199,900
718 Heritage Way
Farmington MN 55024
3 beds, 1.5 baths, 1,240 sqft
718 Heritage Way is a 3 beds, 1.5 baths, 1,240 sqft townhouse home for sale at $199,900 in Farmington MN 55024. At 20% down it rents for an estimated $2,300/mo and returns $724/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
- $2,300/mo
- Monthly cash flow
- $724/mo
- Cap rate
- 10.9%
- Cash-on-cash
- 21.7%
- Max offer
- $199,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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