For saleMulti-family
$280,000
1104 N 5th St
Mankato MN 56001
5 beds, 2 baths, 1,225 sqft
1104 N 5th St is a 5 beds, 2 baths, 1,225 sqft multi-family home for sale at $280,000 in Mankato MN 56001. At 20% down it rents for an estimated $2,000/mo and returns $36/mo a month at a 6.7% 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
- $2,000/mo
- Monthly cash flow
- $36/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.8%
- Max offer
- $239,500
Offer ≤ $239,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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