For saleSingle family
$245,000
315 Charles St SW
Hutchinson MN 55350
3 beds, 2 baths, 2,228 sqft
315 Charles St SW is a 3 beds, 2 baths, 2,228 sqft single family home for sale at $245,000 in Hutchinson MN 55350. At 20% down it rents for an estimated $1,850/mo and returns $132/mo a month at a 7.2% 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
- $1,850/mo
- Monthly cash flow
- $132/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.2%
- Max offer
- $221,500
Offer ≤ $221,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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