For saleTownhouse
$239,900
20587 Abbey Ln Unit 150
Farmington MN 55024
2 beds, 1.5 baths, 1,358 sqft
20587 Abbey Ln Unit 150 is a 2 beds, 1.5 baths, 1,358 sqft townhouse home for sale at $239,900 in Farmington MN 55024. At 20% down it rents for an estimated $1,900/mo and returns $2/mo a month at a 6.5% 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
- $1,900/mo
- Monthly cash flow
- $2/mo
- Cap rate
- 6.5%
- Cash-on-cash
- 0.1%
- Max offer
- $199,500
Offer ≤ $199,500 (17% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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