For saleSingle family
$299,905
21648 Magnolia Way
Farmington MN 55024
3 beds, 2.5 baths, 1,791 sqft
21648 Magnolia Way is a 3 beds, 2.5 baths, 1,791 sqft single family home for sale at $299,905 in Farmington MN 55024. At 20% down it rents for an estimated $2,075/mo and returns -$28/mo a month at a 6.4% 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
- $2,075/mo
- Monthly cash flow
- -$28/mo
- Cap rate
- 6.4%
- Cash-on-cash
- -0.6%
- Max offer
- $248,500
Offer ≤ $248,500 (17% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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