For saleSingle family
$189,900
455 Ward St
Fairmont MN 56031
2 beds, 2 baths, 1,694 sqft
455 Ward St is a 2 beds, 2 baths, 1,694 sqft single family home for sale at $189,900 in Fairmont MN 56031. At 20% down it rents for an estimated $825/mo and returns -$531/mo a month at a 3.3% 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
- $825/mo
- Monthly cash flow
- -$531/mo
- Cap rate
- 3.3%
- Cash-on-cash
- -16.8%
- Max offer
- $97,500
Offer ≤ $97,500 (49% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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