For saleSingle family
$599,900
1727 Spruce St
Farmington MN 55024
4 beds, 3 baths, 2,608 sqft
1727 Spruce St is a 4 beds, 3 baths, 2,608 sqft single family home for sale at $599,900 in Farmington MN 55024. At 20% down it rents for an estimated $2,650/mo and returns -$1,633/mo a month at a 3.4% 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
- $2,650/mo
- Monthly cash flow
- -$1,633/mo
- Cap rate
- 3.4%
- Cash-on-cash
- -16.3%
- Max offer
- $314,500
Offer ≤ $314,500 (48% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading