For saleMulti-family
$182,500
2005 7th Ave
Mankato MN 56001
3 beds, 2 baths, 1,714 sqft
2005 7th Ave is a 3 beds, 2 baths, 1,714 sqft multi-family home for sale at $182,500 in Mankato MN 56001. At 20% down it rents for an estimated $2,450/mo and returns $1,170/mo a month at a 14.2% 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
- $2,450/mo
- Monthly cash flow
- $1,170/mo
- Cap rate
- 14.2%
- Cash-on-cash
- 38.5%
- Max offer
- $182,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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