For saleSingle family
$77,000
409 S Park St
Fairmont MN 56031
3 beds, 2.5 baths, 2,866 sqft
409 S Park St is a 3 beds, 2.5 baths, 2,866 sqft single family home for sale at $77,000 in Fairmont MN 56031. At 20% down it rents for an estimated $925/mo and returns $375/mo a month at a 12.5% 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
- $925/mo
- Monthly cash flow
- $375/mo
- Cap rate
- 12.5%
- Cash-on-cash
- 29.2%
- Max offer
- $77,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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