For saleMulti-family
$174,900
407 E 6th St
Fairmont MN 56031
3 beds, 3 baths
407 E 6th St is a 3 beds, 3 baths multi-family home for sale at $174,900 in Fairmont MN 56031. At 20% down it rents for an estimated $1,650/mo and returns $423/mo a month at a 9.4% 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
- $1,650/mo
- Monthly cash flow
- $423/mo
- Cap rate
- 9.4%
- Cash-on-cash
- 14.5%
- Max offer
- $174,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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