For saleSingle family
$264,900
700 2nd Ave SW
Hutchinson MN 55350
4 beds, 1.5 baths, 2,300 sqft
700 2nd Ave SW is a 4 beds, 1.5 baths, 2,300 sqft single family home for sale at $264,900 in Hutchinson MN 55350. At 20% down it rents for an estimated $3,200/mo and returns $1,342/mo a month at a 12.6% 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
- $1,342/mo
- Cap rate
- 12.6%
- Cash-on-cash
- 30.4%
- Max offer
- $264,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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