For saleMulti-family
$139,900
224 S Park St
Fairmont MN 56031
4 beds, 5 baths, 1,988 sqft
224 S Park St is a 4 beds, 5 baths, 1,988 sqft multi-family home for sale at $139,900 in Fairmont MN 56031. At 20% down it rents for an estimated $1,650/mo and returns $669/mo a month at a 12.3% 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
- $1,650/mo
- Monthly cash flow
- $669/mo
- Cap rate
- 12.3%
- Cash-on-cash
- 28.7%
- Max offer
- $139,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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