For saleSingle family
$520,000
11605 Manning Ave S
Hastings MN 55033
3 beds, 2 baths, 2,657 sqft
11605 Manning Ave S is a 3 beds, 2 baths, 2,657 sqft single family home for sale at $520,000 in Hastings MN 55033. At 20% down it rents for an estimated $1,900/mo and returns -$1,812/mo a month at a 2.5% 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
- $1,900/mo
- Monthly cash flow
- -$1,812/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -20.9%
- Max offer
- $226,000
Offer ≤ $226,000 (57% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading