For saleSingle family
$274,900
9 2nd Ave SW
Faribault MN 55021
5 beds, 3.5 baths, 3,106 sqft
9 2nd Ave SW is a 5 beds, 3.5 baths, 3,106 sqft single family home for sale at $274,900 in Faribault MN 55021. At 20% down it rents for an estimated $2,225/mo and returns $297/mo a month at a 7.8% 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
- $2,225/mo
- Monthly cash flow
- $297/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.5%
- Max offer
- $266,500
Offer ≤ $266,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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