For saleSingle family
$634,900
1966 Lexington Ln
North Mankato MN 56003
5 beds, 3.5 baths, 3,478 sqft
1966 Lexington Ln is a 5 beds, 3.5 baths, 3,478 sqft single family home for sale at $634,900 in North Mankato MN 56003. At 20% down it rents for an estimated $2,300/mo and returns -$2,232/mo a month at a 2.4% 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
- $2,300/mo
- Monthly cash flow
- -$2,232/mo
- Cap rate
- 2.4%
- Cash-on-cash
- -21.1%
- Max offer
- $273,500
Offer ≤ $273,500 (57% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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