For saleSingle family
$249,900
1420 Highland Pl
Faribault MN 55021
4 beds, 1.5 baths, 1,484 sqft
1420 Highland Pl is a 4 beds, 1.5 baths, 1,484 sqft single family home for sale at $249,900 in Faribault MN 55021. At 20% down it rents for an estimated $2,900/mo and returns $1,147/mo a month at a 12.0% 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
- $2,900/mo
- Monthly cash flow
- $1,147/mo
- Cap rate
- 12.0%
- Cash-on-cash
- 27.5%
- Max offer
- $249,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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