For saleCondo
$125,000
2679 Albion Ave Apt 203
Fairmont MN 56031
2 beds, 1 bath, 1,374 sqft
2679 Albion Ave Apt 203 is a 2 beds, 1 bath, 1,374 sqft condo home for sale at $125,000 in Fairmont MN 56031. At 20% down it rents for an estimated $825/mo and returns -$285/mo a month at a 3.9% 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
- -$285/mo
- Cap rate
- 3.9%
- Cash-on-cash
- -13.7%
- Max offer
- $69,000
Offer ≤ $69,000 (45% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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