For saleSingle family
$500,000
1740 Spruce St
Farmington MN 55024
5 beds, 3 baths, 2,574 sqft
1740 Spruce St is a 5 beds, 3 baths, 2,574 sqft single family home for sale at $500,000 in Farmington MN 55024. At 20% down it rents for an estimated $3,000/mo and returns -$569/mo a month at a 5.3% 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
- -$569/mo
- Cap rate
- 5.3%
- Cash-on-cash
- -6.8%
- Max offer
- $355,000
Offer ≤ $355,000 (29% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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