For saleSingle family
$415,000
1828 16th St NW
Faribault MN 55021
3 beds, 3 baths, 2,289 sqft
1828 16th St NW is a 3 beds, 3 baths, 2,289 sqft single family home for sale at $415,000 in Faribault MN 55021. At 20% down it rents for an estimated $1,600/mo and returns -$1,363/mo a month at a 2.7% 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
- $1,600/mo
- Monthly cash flow
- -$1,363/mo
- Cap rate
- 2.7%
- Cash-on-cash
- -19.7%
- Max offer
- $190,000
Offer ≤ $190,000 (54% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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