For saleSingle family
$139,900
229 S Elm St
Fairmont MN 56031
4 beds, 2 baths, 1,573 sqft
229 S Elm St is a 4 beds, 2 baths, 1,573 sqft single family home for sale at $139,900 in Fairmont MN 56031. At 20% down it rents for an estimated $1,025/mo and returns $26/mo a month at a 6.9% 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
- $1,025/mo
- Monthly cash flow
- $26/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.1%
- Max offer
- $121,000
Offer ≤ $121,000 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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