For saleCondo
$160,000
4457 Westdel Rd
Farmington MN 55024
2 beds, 1 bath, 847 sqft
4457 Westdel Rd is a 2 beds, 1 bath, 847 sqft condo home for sale at $160,000 in Farmington MN 55024. At 20% down it rents for an estimated $1,900/mo and returns $501/mo a month at a 10.3% 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
- $1,900/mo
- Monthly cash flow
- $501/mo
- Cap rate
- 10.3%
- Cash-on-cash
- 18.8%
- Max offer
- $160,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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