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 $1,500/mo and returns -$63/mo a month at a 6.3% 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
- $1,500/mo
- Monthly cash flow
- -$63/mo
- Cap rate
- 6.3%
- Cash-on-cash
- -1.7%
- Max offer
- $177,000
Offer ≤ $177,000 (19% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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