For saleSingle family
$324,900
1100 Mitchell Dr
Faribault MN 55021
4 beds, 2 baths, 1,904 sqft
1100 Mitchell Dr is a 4 beds, 2 baths, 1,904 sqft single family home for sale at $324,900 in Faribault MN 55021. At 20% down it rents for an estimated $1,500/mo and returns -$819/mo a month at a 3.6% 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
- $1,500/mo
- Monthly cash flow
- -$819/mo
- Cap rate
- 3.6%
- Cash-on-cash
- -15.1%
- Max offer
- $178,000
Offer ≤ $178,000 (45% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading