For saleSingle family
$96,500
706 E 3rd St
Fairmont MN 56031
2 beds, 1 bath, 1,218 sqft
706 E 3rd St is a 2 beds, 1 bath, 1,218 sqft single family home for sale at $96,500 in Fairmont MN 56031. At 20% down it rents for an estimated $825/mo and returns $148/mo a month at a 8.4% 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
- $825/mo
- Monthly cash flow
- $148/mo
- Cap rate
- 8.4%
- Cash-on-cash
- 9.2%
- Max offer
- $96,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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