For saleTownhouse
$425,000
2007 NE 14th St
Faribault MN 55021
3 beds, 3 baths, 2,492 sqft
2007 NE 14th St is a 3 beds, 3 baths, 2,492 sqft townhouse home for sale at $425,000 in Faribault MN 55021. At 20% down it rents for an estimated $1,600/mo and returns -$1,559/mo a month at a 2.3% 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
- $1,600/mo
- Monthly cash flow
- -$1,559/mo
- Cap rate
- 2.3%
- Cash-on-cash
- -22.0%
- Max offer
- $161,500
Offer ≤ $161,500 (62% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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