For saleSingle family
$224,900
1617 N 4th St
Mankato MN 56001
3 beds, 1.5 baths, 1,398 sqft
1617 N 4th St is a 3 beds, 1.5 baths, 1,398 sqft single family home for sale at $224,900 in Mankato MN 56001. At 20% down it rents for an estimated $1,750/mo and returns $144/mo a month at a 7.4% 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
- $1,750/mo
- Monthly cash flow
- $144/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.9%
- Max offer
- $206,500
Offer ≤ $206,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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