For saleSingle family
$415,000
18887 Elgin Ave
Farmington MN 55024
5 beds, 3 baths, 2,288 sqft
18887 Elgin Ave is a 5 beds, 3 baths, 2,288 sqft single family home for sale at $415,000 in Farmington MN 55024. At 20% down it rents for an estimated $3,700/mo and returns $737/mo a month at a 8.8% 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
- $3,700/mo
- Monthly cash flow
- $737/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 10.7%
- Max offer
- $415,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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