For saleSingle family
$299,900
18334 Echo Dr
Farmington MN 55024
4 beds, 2 baths, 1,609 sqft
18334 Echo Dr is a 4 beds, 2 baths, 1,609 sqft single family home for sale at $299,900 in Farmington MN 55024. At 20% down it rents for an estimated $3,150/mo and returns $1,009/mo a month at a 10.7% 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
- $3,150/mo
- Monthly cash flow
- $1,009/mo
- Cap rate
- 10.7%
- Cash-on-cash
- 20.2%
- Max offer
- $299,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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