For saleSingle family
$304,000
407 18th St E
Hastings MN 55033
5 beds, 3.5 baths, 2,908 sqft
407 18th St E is a 5 beds, 3.5 baths, 2,908 sqft single family home for sale at $304,000 in Hastings MN 55033. At 20% down it rents for an estimated $2,475/mo and returns $343/mo a month at a 7.9% 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
- $2,475/mo
- Monthly cash flow
- $343/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.8%
- Max offer
- $296,500
Offer ≤ $296,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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