For saleSingle family

$117,900

315 Louva Ln Unit 236

Mankato MN 56001

2 beds, 2 baths

315 Louva Ln Unit 236 is a 2 beds, 2 baths single family home for sale at $117,900 in Mankato MN 56001. At 20% down it rents for an estimated $1,575/mo and returns $748/mo a month at a 14.1% 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
$1,575/mo
Monthly cash flow
$748/mo
Cap rate
14.1%
Cash-on-cash
38.1%
Max offer
$117,900

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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