For saleSingle family
$74,999
1415 N Elm St
Fairmont MN 56031
2 beds, 1 bath, 694 sqft
1415 N Elm St is a 2 beds, 1 bath, 694 sqft single family home for sale at $74,999 in Fairmont MN 56031. At 20% down it rents for an estimated $825/mo and returns $290/mo a month at a 11.3% 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
- $825/mo
- Monthly cash flow
- $290/mo
- Cap rate
- 11.3%
- Cash-on-cash
- 23.2%
- Max offer
- $74,999
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading