For saleMulti-family
$374,900
722 N Broad St
Mankato MN 56001
3 beds, 2 baths
722 N Broad St is a 3 beds, 2 baths multi-family home for sale at $374,900 in Mankato MN 56001. At 20% down it rents for an estimated $1,100/mo and returns -$1,576/mo a month at a 1.6% 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
- $1,100/mo
- Monthly cash flow
- -$1,576/mo
- Cap rate
- 1.6%
- Cash-on-cash
- -25.2%
- Max offer
- $131,000
Offer ≤ $131,000 (65% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading