For saleTownhouse
$250,000
1032 1st St
Farmington MN 55024
3 beds, 2 baths, 1,438 sqft
1032 1st St is a 3 beds, 2 baths, 1,438 sqft townhouse home for sale at $250,000 in Farmington MN 55024. At 20% down it rents for an estimated $2,200/mo and returns $264/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
- $2,200/mo
- Monthly cash flow
- $264/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.3%
- Max offer
- $241,000
Offer ≤ $241,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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