For saleSingle family
$191,900
118 1st St SW
Faribault MN 55021
4 beds, 3 baths, 1,864 sqft
118 1st St SW is a 4 beds, 3 baths, 1,864 sqft single family home for sale at $191,900 in Faribault MN 55021. At 20% down it rents for an estimated $1,500/mo and returns $130/mo a month at a 7.5% 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
- $1,500/mo
- Monthly cash flow
- $130/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.1%
- Max offer
- $177,000
Offer ≤ $177,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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