For saleTownhouse
$299,950
21618 Orchid Path
Farmington MN 55024
3 beds, 2.5 baths, 1,769 sqft
21618 Orchid Path is a 3 beds, 2.5 baths, 1,769 sqft townhouse home for sale at $299,950 in Farmington MN 55024. At 20% down it rents for an estimated $2,300/mo and returns $73/mo a month at a 6.8% 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
- $73/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.5%
- Max offer
- $258,500
Offer ≤ $258,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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