For saleSingle family
$327,500
604 12th St
Farmington MN 55024
4 beds, 2 baths, 1,772 sqft
604 12th St is a 4 beds, 2 baths, 1,772 sqft single family home for sale at $327,500 in Farmington MN 55024. At 20% down it rents for an estimated $2,675/mo and returns $378/mo a month at a 7.9% 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
- $2,675/mo
- Monthly cash flow
- $378/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.9%
- Max offer
- $320,000
Offer ≤ $320,000 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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