For saleSingle family
$324,900
1724 Prairie Ave SW
Faribault MN 55021
4 beds, 2 baths, 1,874 sqft
1724 Prairie Ave SW is a 4 beds, 2 baths, 1,874 sqft single family home for sale at $324,900 in Faribault MN 55021. At 20% down it rents for an estimated $2,900/mo and returns $621/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
- $2,900/mo
- Monthly cash flow
- $621/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 11.5%
- Max offer
- $324,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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