For saleSingle family
$325,316
610 Fairmont Ave N
Montrose MN 55363
3 beds, 2 baths, 1,845 sqft
610 Fairmont Ave N is a 3 beds, 2 baths, 1,845 sqft single family home for sale at $325,316 in Montrose MN 55363. At 20% down it rents for an estimated $2,000/mo and returns -$322/mo a month at a 5.5% 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
- $2,000/mo
- Monthly cash flow
- -$322/mo
- Cap rate
- 5.5%
- Cash-on-cash
- -5.9%
- Max offer
- $236,500
Offer ≤ $236,500 (27% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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