For saleSingle family
$129,000
520 E Blue Earth Ave
Fairmont MN 56031
4 beds, 2 baths, 2,302 sqft
520 E Blue Earth Ave is a 4 beds, 2 baths, 2,302 sqft single family home for sale at $129,000 in Fairmont MN 56031. At 20% down it rents for an estimated $1,025/mo and returns $104/mo a month at a 7.6% 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
- $1,025/mo
- Monthly cash flow
- $104/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.8%
- Max offer
- $121,000
Offer ≤ $121,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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