For saleSingle family
$119,900
3 2nd St SW
Faribault MN 55021
4 beds, 2 baths, 1,670 sqft
3 2nd St SW is a 4 beds, 2 baths, 1,670 sqft single family home for sale at $119,900 in Faribault MN 55021. At 20% down it rents for an estimated $1,500/mo and returns $644/mo a month at a 13.1% 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
- $1,500/mo
- Monthly cash flow
- $644/mo
- Cap rate
- 13.1%
- Cash-on-cash
- 32.2%
- Max offer
- $119,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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