For saleSingle family
$91,900
203 Spruce Ln Unit 85
Mankato MN 56001
2 beds, 2 baths, 1,056 sqft
203 Spruce Ln Unit 85 is a 2 beds, 2 baths, 1,056 sqft single family home for sale at $91,900 in Mankato MN 56001. At 20% down it rents for an estimated $1,500/mo and returns $855/mo a month at a 17.7% 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
- $1,500/mo
- Monthly cash flow
- $855/mo
- Cap rate
- 17.7%
- Cash-on-cash
- 55.9%
- Max offer
- $91,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.