For saleMulti-family
$419,000
1035 Thompson Ravine Rd
Mankato MN 56001
8 beds, 4 baths, 3,760 sqft
1035 Thompson Ravine Rd is a 8 beds, 4 baths, 3,760 sqft multi-family home for sale at $419,000 in Mankato MN 56001. At 20% down it rents for an estimated $3,200/mo and returns $209/mo a month at a 7.3% 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
- $3,200/mo
- Monthly cash flow
- $209/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.0%
- Max offer
- $377,500
Offer ≤ $377,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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