For saleSingle family
$399,900
1428 11th Ave NE
Faribault MN 55021
4 beds, 2,314 sqft
1428 11th Ave NE is a 4 beds, 2,314 sqft single family home for sale at $399,900 in Faribault MN 55021. At 20% down it rents for an estimated $1,550/mo and returns -$1,305/mo a month at a 2.8% 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
- $1,550/mo
- Monthly cash flow
- -$1,305/mo
- Cap rate
- 2.8%
- Cash-on-cash
- -19.6%
- Max offer
- $184,000
Offer ≤ $184,000 (54% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading