For saleSingle family
$489,000
1101 Faribault Rd
Faribault MN 55021
4 beds, 3 baths, 2,762 sqft
1101 Faribault Rd is a 4 beds, 3 baths, 2,762 sqft single family home for sale at $489,000 in Faribault MN 55021. At 20% down it rents for an estimated $1,475/mo and returns -$2,016/mo a month at a 1.7% 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
- $1,475/mo
- Monthly cash flow
- -$2,016/mo
- Cap rate
- 1.7%
- Cash-on-cash
- -24.7%
- Max offer
- $176,000
Offer ≤ $176,000 (64% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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