For saleSingle family
$229,900
546 Erie St SE
Hutchinson MN 55350
4 beds, 1.5 baths, 1,516 sqft
546 Erie St SE is a 4 beds, 1.5 baths, 1,516 sqft single family home for sale at $229,900 in Hutchinson MN 55350. At 20% down it rents for an estimated $3,025/mo and returns $1,413/mo a month at a 13.9% 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
- $3,025/mo
- Monthly cash flow
- $1,413/mo
- Cap rate
- 13.9%
- Cash-on-cash
- 36.9%
- Max offer
- $229,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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