For saleSingle family
$109,000
120 W 9th St
Fairmont MN 56031
2 beds, 1 bath, 980 sqft
120 W 9th St is a 2 beds, 1 bath, 980 sqft single family home for sale at $109,000 in Fairmont MN 56031. At 20% down it rents for an estimated $825/mo and returns $61/mo a month at a 7.2% 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
- $825/mo
- Monthly cash flow
- $61/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.3%
- Max offer
- $98,500
Offer ≤ $98,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.