For saleTownhouse
$229,900
20612 Erin Way
Farmington MN 55024
2 beds, 1.5 baths, 1,358 sqft
20612 Erin Way is a 2 beds, 1.5 baths, 1,358 sqft townhouse home for sale at $229,900 in Farmington MN 55024. At 20% down it rents for an estimated $1,875/mo and returns $45/mo a month at a 6.8% 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
- $1,875/mo
- Monthly cash flow
- $45/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.2%
- Max offer
- $196,500
Offer ≤ $196,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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