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 $1,550/mo and returns $894/mo a month at a 18.3% 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
- $1,550/mo
- Monthly cash flow
- $894/mo
- Cap rate
- 18.3%
- Cash-on-cash
- 58.4%
- Max offer
- $91,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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