For saleMulti-family
$360,000
600 Oak St
Farmington MN 55024
7 beds, 4 baths, 4,306 sqft
600 Oak St is a 7 beds, 4 baths, 4,306 sqft multi-family home for sale at $360,000 in Farmington MN 55024. At 20% down it rents for an estimated $4,650/mo and returns $2,125/mo a month at a 13.6% 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
- $4,650/mo
- Monthly cash flow
- $2,125/mo
- Cap rate
- 13.6%
- Cash-on-cash
- 35.4%
- Max offer
- $360,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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