For saleSingle family
$389,900
16541 Mankato St NE
Ham Lake MN 55304
4 beds, 2 baths, 1,924 sqft
16541 Mankato St NE is a 4 beds, 2 baths, 1,924 sqft single family home for sale at $389,900 in Ham Lake MN 55304. At 20% down it rents for an estimated $2,375/mo and returns -$408/mo a month at a 5.4% 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
- $2,375/mo
- Monthly cash flow
- -$408/mo
- Cap rate
- 5.4%
- Cash-on-cash
- -6.3%
- Max offer
- $281,000
Offer ≤ $281,000 (28% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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