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 $5,400/mo and returns $2,830/mo a month at a 16.1% 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
- $5,400/mo
- Monthly cash flow
- $2,830/mo
- Cap rate
- 16.1%
- Cash-on-cash
- 47.2%
- Max offer
- $360,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading