For saleSingle family
$230,000
1709 Sunray Ave
Mankato MN 56001
3 beds, 2 baths, 2,463 sqft
1709 Sunray Ave is a 3 beds, 2 baths, 2,463 sqft single family home for sale at $230,000 in Mankato MN 56001. At 20% down it rents for an estimated $1,775/mo and returns $133/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
- $1,775/mo
- Monthly cash flow
- $133/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.5%
- Max offer
- $209,500
Offer ≤ $209,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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