For saleSingle family
$296,990
21659 Magnolia Way
Farmington MN 55024
3 beds, 3 baths, 1,800 sqft
21659 Magnolia Way is a 3 beds, 3 baths, 1,800 sqft single family home for sale at $296,990 in Farmington MN 55024. At 20% down it rents for an estimated $2,125/mo and returns $5/mo a month at a 6.7% 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
- $2,125/mo
- Monthly cash flow
- $5/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.1%
- Max offer
- $251,000
Offer ≤ $251,000 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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