For saleMulti-family
$265,000
1219 E Main St
Mankato MN 56001
4 beds, 2.5 baths, 2,152 sqft
1219 E Main St is a 4 beds, 2.5 baths, 2,152 sqft multi-family home for sale at $265,000 in Mankato MN 56001. At 20% down it rents for an estimated $3,050/mo and returns $1,191/mo a month at a 11.9% 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
- $3,050/mo
- Monthly cash flow
- $1,191/mo
- Cap rate
- 11.9%
- Cash-on-cash
- 27.0%
- Max offer
- $265,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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