For saleSingle family

$290,700

302 3rd St W

Hastings MN 55033

5 beds, 3 baths, 3,014 sqft

302 3rd St W is a 5 beds, 3 baths, 3,014 sqft single family home for sale at $290,700 in Hastings MN 55033. At 20% down it rents for an estimated $2,475/mo and returns $436/mo a month at a 8.3% 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
$2,475/mo
Monthly cash flow
$436/mo
Cap rate
8.3%
Cash-on-cash
9.0%
Max offer
$290,700

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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