For saleTownhouse
$192,500
111 Morningside Dr NE
Hutchinson MN 55350
3 beds, 2 baths, 1,443 sqft
111 Morningside Dr NE is a 3 beds, 2 baths, 1,443 sqft townhouse home for sale at $192,500 in Hutchinson MN 55350. At 20% down it rents for an estimated $1,575/mo and returns $24/mo a month at a 6.8% 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
- $1,575/mo
- Monthly cash flow
- $24/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 0.7%
- Max offer
- $163,500
Offer ≤ $163,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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