For saleSingle family
$54,800
701 N Shakespeare Ave
Mankato MN 56001
3 beds, 2 baths, 1,456 sqft
701 N Shakespeare Ave is a 3 beds, 2 baths, 1,456 sqft single family home for sale at $54,800 in Mankato MN 56001. At 20% down it rents for an estimated $1,750/mo and returns $1,359/mo a month at a 36.4% 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
- $1,750/mo
- Monthly cash flow
- $1,359/mo
- Cap rate
- 36.4%
- Cash-on-cash
- 148.8%
- Max offer
- $54,800
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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