For saleSingle family
$275,000
849 8th Ave SW
Faribault MN 55021
4 beds, 2 baths, 2,688 sqft
849 8th Ave SW is a 4 beds, 2 baths, 2,688 sqft single family home for sale at $275,000 in Faribault MN 55021. At 20% down it rents for an estimated $1,350/mo and returns -$613/mo a month at a 4.0% 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
- $1,350/mo
- Monthly cash flow
- -$613/mo
- Cap rate
- 4.0%
- Cash-on-cash
- -13.4%
- Max offer
- $160,000
Offer ≤ $160,000 (42% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading