For saleMulti-family
$290,000
3 6th Ave NW
Faribault MN 55021
6 beds, 2 baths, 2,172 sqft
3 6th Ave NW is a 6 beds, 2 baths, 2,172 sqft multi-family home for sale at $290,000 in Faribault MN 55021. At 20% down it rents for an estimated $2,550/mo and returns $480/mo a month at a 8.7% 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
- $2,550/mo
- Monthly cash flow
- $480/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 9.9%
- Max offer
- $290,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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