For saleMulti-family
$349,900
420 1st St
Farmington MN 55024
4 beds, 2 baths, 1,766 sqft
420 1st St is a 4 beds, 2 baths, 1,766 sqft multi-family home for sale at $349,900 in Farmington MN 55024. At 20% down it rents for an estimated $3,800/mo and returns $1,302/mo a month at a 11.1% 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
- $3,800/mo
- Monthly cash flow
- $1,302/mo
- Cap rate
- 11.1%
- Cash-on-cash
- 22.3%
- Max offer
- $349,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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