For saleSingle family
$194,900
218 W 3rd St
Fairmont MN 56031
5 beds, 2 baths, 1,869 sqft
218 W 3rd St is a 5 beds, 2 baths, 1,869 sqft single family home for sale at $194,900 in Fairmont MN 56031. At 20% down it rents for an estimated $1,125/mo and returns -$266/mo a month at a 5.0% 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
- $1,125/mo
- Monthly cash flow
- -$266/mo
- Cap rate
- 5.0%
- Cash-on-cash
- -8.2%
- Max offer
- $133,000
Offer ≤ $133,000 (32% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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