For saleTownhouse
$192,500
104 Morningside Dr NE
Hutchinson MN 55350
3 beds, 2 baths, 1,276 sqft
104 Morningside Dr NE is a 3 beds, 2 baths, 1,276 sqft townhouse home for sale at $192,500 in Hutchinson MN 55350. At 20% down it rents for an estimated $1,850/mo and returns $308/mo a month at a 8.4% 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
- $1,850/mo
- Monthly cash flow
- $308/mo
- Cap rate
- 8.4%
- Cash-on-cash
- 9.6%
- Max offer
- $192,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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