For saleSingle family
$219,000
22 2nd St SE
Faribault MN 55021
4 beds, 2 baths, 1,892 sqft
22 2nd St SE is a 4 beds, 2 baths, 1,892 sqft single family home for sale at $219,000 in Faribault MN 55021. At 20% down it rents for an estimated $2,225/mo and returns $689/mo a month at a 10.3% 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
- $2,225/mo
- Monthly cash flow
- $689/mo
- Cap rate
- 10.3%
- Cash-on-cash
- 18.9%
- Max offer
- $219,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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