For saleSingle family
$149,900
118 E Spring St
Mankato MN 56001
2 beds, 1 bath, 1,680 sqft
118 E Spring St is a 2 beds, 1 bath, 1,680 sqft single family home for sale at $149,900 in Mankato MN 56001. At 20% down it rents for an estimated $1,375/mo and returns $305/mo a month at a 9.1% 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
- $1,375/mo
- Monthly cash flow
- $305/mo
- Cap rate
- 9.1%
- Cash-on-cash
- 12.2%
- Max offer
- $149,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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