For saleMulti-family
$150,000
609 E 4th St
Fairmont MN 56031
5 beds, 3 baths, 2,880 sqft
609 E 4th St is a 5 beds, 3 baths, 2,880 sqft multi-family home for sale at $150,000 in Fairmont MN 56031. At 20% down it rents for an estimated $1,850/mo and returns $779/mo a month at a 12.9% 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
- $1,850/mo
- Monthly cash flow
- $779/mo
- Cap rate
- 12.9%
- Cash-on-cash
- 31.2%
- Max offer
- $150,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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