For saleSingle family
$400,000
204 Allen Ln
Faribault MN 55021
4 beds, 3 baths, 3,008 sqft
204 Allen Ln is a 4 beds, 3 baths, 3,008 sqft single family home for sale at $400,000 in Faribault MN 55021. At 20% down it rents for an estimated $2,900/mo and returns $95/mo a month at a 6.8% 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
- $2,900/mo
- Monthly cash flow
- $95/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.4%
- Max offer
- $347,500
Offer ≤ $347,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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