For saleSingle family
$244,800
1604 N 2nd St
Mankato MN 56001
2 beds, 2 baths, 1,222 sqft
1604 N 2nd St is a 2 beds, 2 baths, 1,222 sqft single family home for sale at $244,800 in Mankato MN 56001. At 20% down it rents for an estimated $1,375/mo and returns -$373/mo a month at a 4.8% 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
- $1,375/mo
- Monthly cash flow
- -$373/mo
- Cap rate
- 4.8%
- Cash-on-cash
- -9.1%
- Max offer
- $162,500
Offer ≤ $162,500 (34% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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