For saleSingle family
$280,000
611 James Ave
Mankato MN 56001
5 beds, 2 baths, 1,912 sqft
611 James Ave is a 5 beds, 2 baths, 1,912 sqft single family home for sale at $280,000 in Mankato MN 56001. At 20% down it rents for an estimated $2,950/mo and returns $951/mo a month at a 10.7% 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
- $2,950/mo
- Monthly cash flow
- $951/mo
- Cap rate
- 10.7%
- Cash-on-cash
- 20.4%
- Max offer
- $280,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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