For saleSingle family
$424,900
541 Southport Dr
Fairmont MN 56031
3 beds, 5 baths, 3,311 sqft
541 Southport Dr is a 3 beds, 5 baths, 3,311 sqft single family home for sale at $424,900 in Fairmont MN 56031. At 20% down it rents for an estimated $925/mo and returns -$2,108/mo a month at a 0.7% 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
- $925/mo
- Monthly cash flow
- -$2,108/mo
- Cap rate
- 0.7%
- Cash-on-cash
- -29.8%
- Max offer
- $111,000
Offer ≤ $111,000 (74% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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