For saleMulti-family
$350,000
409 Sherman St
North Mankato MN 56003
5 beds, 3 baths
409 Sherman St is a 5 beds, 3 baths multi-family home for sale at $350,000 in North Mankato MN 56003. At 20% down it rents for an estimated $4,500/mo and returns $2,001/mo a month at a 13.5% 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
- $4,500/mo
- Monthly cash flow
- $2,001/mo
- Cap rate
- 13.5%
- Cash-on-cash
- 34.3%
- Max offer
- $350,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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