For saleSingle family
$464,000
20 Fareway Dr
Northfield MN 55057
4 beds, 3 baths, 2,346 sqft
20 Fareway Dr is a 4 beds, 3 baths, 2,346 sqft single family home for sale at $464,000 in Northfield MN 55057. At 20% down it rents for an estimated $2,475/mo and returns -$837/mo a month at a 4.5% 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
- $2,475/mo
- Monthly cash flow
- -$837/mo
- Cap rate
- 4.5%
- Cash-on-cash
- -10.8%
- Max offer
- $293,000
Offer ≤ $293,000 (37% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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