For saleSingle family
$649,000
1145 Horatio St
Fairmont MN 56031
5 beds, 3.5 baths, 2,984 sqft
1145 Horatio St is a 5 beds, 3.5 baths, 2,984 sqft single family home for sale at $649,000 in Fairmont MN 56031. At 20% down it rents for an estimated $1,125/mo and returns -$3,508/mo a month at a 0.2% 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
- $1,125/mo
- Monthly cash flow
- -$3,508/mo
- Cap rate
- 0.2%
- Cash-on-cash
- -32.4%
- Max offer
- $136,000
Offer ≤ $136,000 (79% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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