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 $2,400/mo and returns $1,348/mo a month at a 17.3% 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
- $2,400/mo
- Monthly cash flow
- $1,348/mo
- Cap rate
- 17.3%
- Cash-on-cash
- 53.9%
- Max offer
- $150,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.