For saleSingle family
$699,900
5820 Fairfax Ave
Edina MN 55424
4 beds, 2 baths, 1,968 sqft
5820 Fairfax Ave is a 4 beds, 2 baths, 1,968 sqft single family home for sale at $699,900 in Edina MN 55424. At 20% down it rents for an estimated $3,300/mo and returns -$1,696/mo a month at a 3.8% 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
- $3,300/mo
- Monthly cash flow
- -$1,696/mo
- Cap rate
- 3.8%
- Cash-on-cash
- -14.5%
- Max offer
- $391,500
Offer ≤ $391,500 (44% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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