For saleSingle family
$99,900
316 E 2nd St
Fairmont MN 56031
2 beds, 1 bath, 1,260 sqft
316 E 2nd St is a 2 beds, 1 bath, 1,260 sqft single family home for sale at $99,900 in Fairmont MN 56031. At 20% down it rents for an estimated $825/mo and returns $124/mo a month at a 8.0% 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
- $825/mo
- Monthly cash flow
- $124/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 7.5%
- Max offer
- $98,500
Offer ≤ $98,500 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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