For saleSingle family
$224,500
1028 1st Ave NE
Faribault MN 55021
3 beds, 1 bath, 1,126 sqft
1028 1st Ave NE is a 3 beds, 1 bath, 1,126 sqft single family home for sale at $224,500 in Faribault MN 55021. At 20% down it rents for an estimated $1,800/mo and returns $225/mo a month at a 7.7% 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
- $1,800/mo
- Monthly cash flow
- $225/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 6.0%
- Max offer
- $215,500
Offer ≤ $215,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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