For saleCondo
$215,000
18500 Euclid St Ste 110
Farmington MN 55024
2 beds, 2 baths, 980 sqft
18500 Euclid St Ste 110 is a 2 beds, 2 baths, 980 sqft condo home for sale at $215,000 in Farmington MN 55024. At 20% down it rents for an estimated $2,000/mo and returns $165/mo a month at a 7.4% 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
- $2,000/mo
- Monthly cash flow
- $165/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.6%
- Max offer
- $199,500
Offer ≤ $199,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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