For saleSingle family
$450,000
312 12th St
Farmington MN 55024
6 beds, 3 baths, 2,354 sqft
312 12th St is a 6 beds, 3 baths, 2,354 sqft single family home for sale at $450,000 in Farmington MN 55024. At 20% down it rents for an estimated $3,350/mo and returns $138/mo a month at a 7.0% 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
- $3,350/mo
- Monthly cash flow
- $138/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 1.8%
- Max offer
- $395,500
Offer ≤ $395,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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