For saleSingle family
$225,000
643 Mound Ave
Mankato MN 56001
3 beds, 1.5 baths, 2,202 sqft
643 Mound Ave is a 3 beds, 1.5 baths, 2,202 sqft single family home for sale at $225,000 in Mankato MN 56001. At 20% down it rents for an estimated $2,000/mo and returns $394/mo a month at a 8.8% 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
- $394/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 10.5%
- Max offer
- $225,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading