For saleSingle family
$115,000
311 Budd St
Fairmont MN 56031
3 beds, 2 baths, 1,236 sqft
311 Budd St is a 3 beds, 2 baths, 1,236 sqft single family home for sale at $115,000 in Fairmont MN 56031. At 20% down it rents for an estimated $1,000/mo and returns $193/mo a month at a 8.5% 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
- $1,000/mo
- Monthly cash flow
- $193/mo
- Cap rate
- 8.5%
- Cash-on-cash
- 10.1%
- Max offer
- $115,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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