For saleSingle family
$634,900
1807 Raymond Dr
North Mankato MN 56003
5 beds, 3 baths, 3,674 sqft
1807 Raymond Dr is a 5 beds, 3 baths, 3,674 sqft single family home for sale at $634,900 in North Mankato MN 56003. At 20% down it rents for an estimated $2,475/mo and returns -$2,057/mo a month at a 2.8% 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
- -$2,057/mo
- Cap rate
- 2.8%
- Cash-on-cash
- -19.4%
- Max offer
- $294,000
Offer ≤ $294,000 (54% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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