For saleSingle family
$430,000
2416 14th St NE
Faribault MN 55021
4 beds, 3 baths, 2,051 sqft
2416 14th St NE is a 4 beds, 3 baths, 2,051 sqft single family home for sale at $430,000 in Faribault MN 55021. At 20% down it rents for an estimated $1,550/mo and returns -$1,520/mo a month at a 2.4% 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
- $1,550/mo
- Monthly cash flow
- -$1,520/mo
- Cap rate
- 2.4%
- Cash-on-cash
- -21.2%
- Max offer
- $184,500
Offer ≤ $184,500 (57% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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