For saleSingle family
$115,000
703 N Broad St
Mankato MN 56001
3 beds, 2 baths, 3,415 sqft
703 N Broad St is a 3 beds, 2 baths, 3,415 sqft single family home for sale at $115,000 in Mankato MN 56001. At 20% down it rents for an estimated $1,275/mo and returns $454/mo a month at a 11.4% 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
- $1,275/mo
- Monthly cash flow
- $454/mo
- Cap rate
- 11.4%
- Cash-on-cash
- 23.7%
- Max offer
- $115,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading