For saleSingle family
$275,000
804 4th St
Farmington MN 55024
3 beds, 1.5 baths, 1,220 sqft
804 4th St is a 3 beds, 1.5 baths, 1,220 sqft single family home for sale at $275,000 in Farmington MN 55024. At 20% down it rents for an estimated $2,200/mo and returns $271/mo a month at a 7.7% 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
- $2,200/mo
- Monthly cash flow
- $271/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.9%
- Max offer
- $263,500
Offer ≤ $263,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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