For saleSingle family
$299,900
647 2nd Ave SW
Hutchinson MN 55350
5 beds, 2 baths, 1,811 sqft
647 2nd Ave SW is a 5 beds, 2 baths, 1,811 sqft single family home for sale at $299,900 in Hutchinson MN 55350. At 20% down it rents for an estimated $3,575/mo and returns $1,472/mo a month at a 12.4% 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
- $3,575/mo
- Monthly cash flow
- $1,472/mo
- Cap rate
- 12.4%
- Cash-on-cash
- 29.4%
- Max offer
- $299,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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