For saleTownhouse
$189,998
818 9th St
Farmington MN 55024
2 beds, 1.5 baths, 992 sqft
818 9th St is a 2 beds, 1.5 baths, 992 sqft townhouse home for sale at $189,998 in Farmington MN 55024. At 20% down it rents for an estimated $1,900/mo and returns $255/mo a month at a 8.1% 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
- $1,900/mo
- Monthly cash flow
- $255/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 8.0%
- Max offer
- $189,998
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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