For saleTownhouse
$214,000
1622 Pleasant View Dr Apt C
North Mankato MN 56003
3 beds, 1.5 baths, 1,294 sqft
1622 Pleasant View Dr Apt C is a 3 beds, 1.5 baths, 1,294 sqft townhouse home for sale at $214,000 in North Mankato MN 56003. At 20% down it rents for an estimated $2,000/mo and returns $330/mo a month at a 8.5% 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
- $330/mo
- Cap rate
- 8.5%
- Cash-on-cash
- 9.3%
- Max offer
- $214,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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