For saleSingle family
$69,900
616 N Dewey St
Fairmont MN 56031
1 bed, 1 bath, 1,373 sqft
616 N Dewey St is a 1 bed, 1 bath, 1,373 sqft single family home for sale at $69,900 in Fairmont MN 56031. At 20% down it rents for an estimated $725/mo and returns $235/mo a month at a 10.5% 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
- $725/mo
- Monthly cash flow
- $235/mo
- Cap rate
- 10.5%
- Cash-on-cash
- 20.1%
- Max offer
- $69,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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