For saleTownhouse
$220,000
1024 1st St
Farmington MN 55024
3 beds, 2 baths, 1,438 sqft
1024 1st St is a 3 beds, 2 baths, 1,438 sqft townhouse home for sale at $220,000 in Farmington MN 55024. At 20% down it rents for an estimated $2,200/mo and returns $464/mo a month at a 9.2% 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
- $2,200/mo
- Monthly cash flow
- $464/mo
- Cap rate
- 9.2%
- Cash-on-cash
- 12.7%
- Max offer
- $220,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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