For saleSingle family
$217,250
204 3rd St E
Hastings MN 55033
2 beds, 1 bath, 774 sqft
204 3rd St E is a 2 beds, 1 bath, 774 sqft single family home for sale at $217,250 in Hastings MN 55033. At 20% down it rents for an estimated $1,725/mo and returns $174/mo a month at a 7.6% 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
- $1,725/mo
- Monthly cash flow
- $174/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.8%
- Max offer
- $203,500
Offer ≤ $203,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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