For saleSingle family
$237,500
518 S Orient St
Fairmont MN 56031
3 beds, 2 baths, 1,706 sqft
518 S Orient St is a 3 beds, 2 baths, 1,706 sqft single family home for sale at $237,500 in Fairmont MN 56031. At 20% down it rents for an estimated $925/mo and returns -$770/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
- $925/mo
- Monthly cash flow
- -$770/mo
- Cap rate
- 2.8%
- Cash-on-cash
- -19.5%
- Max offer
- $110,000
Offer ≤ $110,000 (54% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading