For saleSingle family
$525,000
6511 208th St W
Farmington MN 55024
4 beds, 2.5 baths, 2,391 sqft
6511 208th St W is a 4 beds, 2.5 baths, 2,391 sqft single family home for sale at $525,000 in Farmington MN 55024. At 20% down it rents for an estimated $3,300/mo and returns -$448/mo a month at a 5.6% 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
- $3,300/mo
- Monthly cash flow
- -$448/mo
- Cap rate
- 5.6%
- Cash-on-cash
- -5.1%
- Max offer
- $390,000
Offer ≤ $390,000 (26% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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