For saleSingle family
$174,900
302 Nicollet Ave
Mankato MN 56003
2 beds, 1 bath, 1,320 sqft
302 Nicollet Ave is a 2 beds, 1 bath, 1,320 sqft single family home for sale at $174,900 in Mankato MN 56003. At 20% down it rents for an estimated $1,425/mo and returns $198/mo a month at a 7.9% 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
- $1,425/mo
- Monthly cash flow
- $198/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.8%
- Max offer
- $170,500
Offer ≤ $170,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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