For saleMulti-family
$205,000
1404 N 5th St
Mankato MN 56001
3 beds, 2 baths, 1,557 sqft
1404 N 5th St is a 3 beds, 2 baths, 1,557 sqft multi-family home for sale at $205,000 in Mankato MN 56001. At 20% down it rents for an estimated $3,050/mo and returns $1,612/mo a month at a 16.0% 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
- $3,050/mo
- Monthly cash flow
- $1,612/mo
- Cap rate
- 16.0%
- Cash-on-cash
- 47.2%
- Max offer
- $205,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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