For saleSingle family
$235,000
116 Shumway Ave
Faribault MN 55021
3 beds, 1.5 baths, 1,248 sqft
116 Shumway Ave is a 3 beds, 1.5 baths, 1,248 sqft single family home for sale at $235,000 in Faribault MN 55021. At 20% down it rents for an estimated $1,800/mo and returns $152/mo a month at a 7.3% 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
- $1,800/mo
- Monthly cash flow
- $152/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.9%
- Max offer
- $215,500
Offer ≤ $215,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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