For saleMulti-family
$284,900
414 Madison Ave
Mankato MN 56001
6 beds, 2 baths
414 Madison Ave is a 6 beds, 2 baths multi-family home for sale at $284,900 in Mankato MN 56001. At 20% down it rents for an estimated $2,050/mo and returns $52/mo a month at a 6.7% 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
- $2,050/mo
- Monthly cash flow
- $52/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 1.1%
- Max offer
- $245,500
Offer ≤ $245,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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