For saleSingle family
$139,900
510 Monroe St SE
Hutchinson MN 55350
2 beds, 1 bath, 1,690 sqft
510 Monroe St SE is a 2 beds, 1 bath, 1,690 sqft single family home for sale at $139,900 in Hutchinson MN 55350. At 20% down it rents for an estimated $1,300/mo and returns $301/mo a month at a 9.3% 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
- $1,300/mo
- Monthly cash flow
- $301/mo
- Cap rate
- 9.3%
- Cash-on-cash
- 12.9%
- Max offer
- $139,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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