For saleSingle family
$475,000
20898 Flanders Way
Farmington MN 55024
5 beds, 3 baths, 2,449 sqft
20898 Flanders Way is a 5 beds, 3 baths, 2,449 sqft single family home for sale at $475,000 in Farmington MN 55024. At 20% down it rents for an estimated $3,150/mo and returns -$241/mo a month at a 6.1% 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
- $3,150/mo
- Monthly cash flow
- -$241/mo
- Cap rate
- 6.1%
- Cash-on-cash
- -3.0%
- Max offer
- $372,000
Offer ≤ $372,000 (22% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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