For saleSingle family
$169,900
224 Woodland Ave
Fairmont MN 56031
2 beds, 2 baths, 1,418 sqft
224 Woodland Ave is a 2 beds, 2 baths, 1,418 sqft single family home for sale at $169,900 in Fairmont MN 56031. At 20% down it rents for an estimated $825/mo and returns -$388/mo a month at a 3.9% 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
- $825/mo
- Monthly cash flow
- -$388/mo
- Cap rate
- 3.9%
- Cash-on-cash
- -13.7%
- Max offer
- $97,500
Offer ≤ $97,500 (43% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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