For saleSingle family
$239,900
1122 S State St
Fairmont MN 56031
3 beds, 2 baths, 1,916 sqft
1122 S State St is a 3 beds, 2 baths, 1,916 sqft single family home for sale at $239,900 in Fairmont MN 56031. At 20% down it rents for an estimated $925/mo and returns -$788/mo a month at a 2.7% 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
- $925/mo
- Monthly cash flow
- -$788/mo
- Cap rate
- 2.7%
- Cash-on-cash
- -19.7%
- Max offer
- $110,000
Offer ≤ $110,000 (54% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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