For saleSingle family
$469,900
19951 Excelsior Ln
Farmington MN 55024
5 beds, 3.5 baths, 2,362 sqft
19951 Excelsior Ln is a 5 beds, 3.5 baths, 2,362 sqft single family home for sale at $469,900 in Farmington MN 55024. At 20% down it rents for an estimated $3,700/mo and returns $345/mo a month at a 7.5% 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
- $3,700/mo
- Monthly cash flow
- $345/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.4%
- Max offer
- $436,500
Offer ≤ $436,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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