For saleSingle family
$649,900
15 Prairie Ct
North Mankato MN 56003
4 beds, 4 baths, 3,996 sqft
15 Prairie Ct is a 4 beds, 4 baths, 3,996 sqft single family home for sale at $649,900 in North Mankato MN 56003. At 20% down it rents for an estimated $2,000/mo and returns -$2,639/mo a month at a 1.8% 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
- $2,000/mo
- Monthly cash flow
- -$2,639/mo
- Cap rate
- 1.8%
- Cash-on-cash
- -24.4%
- Max offer
- $238,500
Offer ≤ $238,500 (63% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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