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 $2,250/mo and returns $175/mo a month at a 7.4% 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
- $2,250/mo
- Monthly cash flow
- $175/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.6%
- Max offer
- $265,500
Offer ≤ $265,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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