For saleSingle family
$724,900
2230-2228 W Dream Dr
North Mankato MN 56003
5 beds, 5 baths, 6,212 sqft
2230-2228 W Dream Dr is a 5 beds, 5 baths, 6,212 sqft single family home for sale at $724,900 in North Mankato MN 56003. At 20% down it rents for an estimated $2,475/mo and returns -$2,700/mo a month at a 2.2% 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
- -$2,700/mo
- Cap rate
- 2.2%
- Cash-on-cash
- -22.3%
- Max offer
- $294,500
Offer ≤ $294,500 (59% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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