For saleSingle family
$675,000
38102 Honeysuckle Ln
North Mankato MN 56003
4 beds, 4 baths, 1,566 sqft
38102 Honeysuckle Ln is a 4 beds, 4 baths, 1,566 sqft single family home for sale at $675,000 in North Mankato MN 56003. At 20% down it rents for an estimated $2,000/mo and returns -$2,819/mo a month at a 1.7% 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
- $2,000/mo
- Monthly cash flow
- -$2,819/mo
- Cap rate
- 1.7%
- Cash-on-cash
- -25.1%
- Max offer
- $238,500
Offer ≤ $238,500 (65% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading