For saleSingle family
$37,000
214 E 8th St
Fairmont MN 56031
1 bed, 1 bath, 608 sqft
214 E 8th St is a 1 bed, 1 bath, 608 sqft single family home for sale at $37,000 in Fairmont MN 56031. At 20% down it rents for an estimated $725/mo and returns $461/mo a month at a 21.6% 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
- $725/mo
- Monthly cash flow
- $461/mo
- Cap rate
- 21.6%
- Cash-on-cash
- 74.7%
- Max offer
- $37,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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