For saleSingle family
$249,900
615 1st St NW
Faribault MN 55021
4 beds, 1.5 baths, 1,798 sqft
615 1st St NW is a 4 beds, 1.5 baths, 1,798 sqft single family home for sale at $249,900 in Faribault MN 55021. At 20% down it rents for an estimated $2,075/mo and returns $322/mo a month at a 8.1% 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
- $2,075/mo
- Monthly cash flow
- $322/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.7%
- Max offer
- $248,500
Offer ≤ $248,500 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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