For saleSingle family
$92,900
204 Spruce Ln Unit 93
Mankato MN 56001
3 beds, 2 baths
204 Spruce Ln Unit 93 is a 3 beds, 2 baths single family home for sale at $92,900 in Mankato MN 56001. At 20% down it rents for an estimated $1,800/mo and returns $1,137/mo a month at a 21.4% 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
- $1,800/mo
- Monthly cash flow
- $1,137/mo
- Cap rate
- 21.4%
- Cash-on-cash
- 73.4%
- Max offer
- $92,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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