For saleSingle family
$354,000
3 Fareway Dr
Northfield MN 55057
4 beds, 2 baths, 1,820 sqft
3 Fareway Dr is a 4 beds, 2 baths, 1,820 sqft single family home for sale at $354,000 in Northfield MN 55057. At 20% down it rents for an estimated $2,850/mo and returns $367/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
- $2,850/mo
- Monthly cash flow
- $367/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.2%
- Max offer
- $341,000
Offer ≤ $341,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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