For saleSingle family
$45,900
114 Lynn Ln Unit 89
Mankato MN 56001
1 bed, 1 bath, 616 sqft
114 Lynn Ln Unit 89 is a 1 bed, 1 bath, 616 sqft single family home for sale at $45,900 in Mankato MN 56001. At 20% down it rents for an estimated $925/mo and returns $597/mo a month at a 22.3% 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
- $925/mo
- Monthly cash flow
- $597/mo
- Cap rate
- 22.3%
- Cash-on-cash
- 78.1%
- Max offer
- $45,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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