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701 E 1st St, Fairmont, MN 56031

3 beds • 2 baths • 2078 sqft

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This property could be a profitable Mid-Term investment with a projected 14.54% first-year return on $39,189 initial cash invested.

14.54%

Cash On Cash

12.56%

Cap Rate

2.05

DSCR

$1,666

Rent

$475

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$101k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,189

Downpayment

20%

$20,180

Closing costs

1%

$1,009

Rehab

0%

$0

Furnishing

18%

$18,000

Cashflow

Total Income

$1,666

Total Expenses

$1,191

Mortgage P&I

31%

$514

Property Taxes

5%

$75

Home Insurance

2%

$35

HOA

0%

$0

Property Management

12%

$200

CapEx

4%

$67

Vacancy

3%

$50

Maintenance

4%

$67

Other

11%

$183

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