For saleSingle family
$126,000
1131 N 7th St
Mankato MN 56001
2 beds, 1 bath, 1,776 sqft
1131 N 7th St is a 2 beds, 1 bath, 1,776 sqft single family home for sale at $126,000 in Mankato MN 56001. At 20% down it rents for an estimated $1,050/mo and returns $151/mo a month at a 8.1% 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
- $1,050/mo
- Monthly cash flow
- $151/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.2%
- Max offer
- $123,500
Offer ≤ $123,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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