For saleSingle family
$129,900
215 W 4th St
Fairmont MN 56031
3 beds, 1 bath, 1,365 sqft
215 W 4th St is a 3 beds, 1 bath, 1,365 sqft single family home for sale at $129,900 in Fairmont MN 56031. At 20% down it rents for an estimated $1,000/mo and returns $89/mo a month at a 7.3% 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
- $1,000/mo
- Monthly cash flow
- $89/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 4.1%
- Max offer
- $119,500
Offer ≤ $119,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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