For saleSingle family
$89,000
123 E 12th St
Fairmont MN 56031
3 beds, 1.5 baths, 1,632 sqft
123 E 12th St is a 3 beds, 1.5 baths, 1,632 sqft single family home for sale at $89,000 in Fairmont MN 56031. At 20% down it rents for an estimated $1,000/mo and returns $376/mo a month at a 11.6% 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
- $1,000/mo
- Monthly cash flow
- $376/mo
- Cap rate
- 11.6%
- Cash-on-cash
- 25.3%
- Max offer
- $89,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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