For saleTownhouse
$279,900
17205 Encina Path Unit 905
Farmington MN 55024
3 beds, 1.5 baths, 1,777 sqft
17205 Encina Path Unit 905 is a 3 beds, 1.5 baths, 1,777 sqft townhouse home for sale at $279,900 in Farmington MN 55024. At 20% down it rents for an estimated $2,300/mo and returns $89/mo a month at a 6.9% 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
- $2,300/mo
- Monthly cash flow
- $89/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.9%
- Max offer
- $244,000
Offer ≤ $244,000 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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