For saleSingle family
$509,900
2617 213th St W
Farmington MN 55024
5 beds, 3 baths, 2,553 sqft
2617 213th St W is a 5 beds, 3 baths, 2,553 sqft single family home for sale at $509,900 in Farmington MN 55024. At 20% down it rents for an estimated $3,000/mo and returns -$640/mo a month at a 5.2% 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
- $3,000/mo
- Monthly cash flow
- -$640/mo
- Cap rate
- 5.2%
- Cash-on-cash
- -7.5%
- Max offer
- $355,000
Offer ≤ $355,000 (30% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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