For saleSingle family
$235,000
1229 1st Ave NE
Faribault MN 55021
3 beds, 2 baths, 1,500 sqft
1229 1st Ave NE is a 3 beds, 2 baths, 1,500 sqft single family home for sale at $235,000 in Faribault MN 55021. At 20% down it rents for an estimated $1,600/mo and returns -$78/mo a month at a 6.3% 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
- $1,600/mo
- Monthly cash flow
- -$78/mo
- Cap rate
- 6.3%
- Cash-on-cash
- -2.0%
- Max offer
- $189,000
Offer ≤ $189,000 (20% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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