For saleSingle family
$234,900
406 Main St
Farmington MN 55024
3 beds, 1 bath, 1,128 sqft
406 Main St is a 3 beds, 1 bath, 1,128 sqft single family home for sale at $234,900 in Farmington MN 55024. At 20% down it rents for an estimated $2,100/mo and returns $423/mo a month at a 8.8% 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
- $2,100/mo
- Monthly cash flow
- $423/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 10.8%
- Max offer
- $234,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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