For saleSingle family
$425,000
1002 Oak Terrace Dr
North Mankato MN 56003
5 beds, 5 baths, 3,584 sqft
1002 Oak Terrace Dr is a 5 beds, 5 baths, 3,584 sqft single family home for sale at $425,000 in North Mankato MN 56003. At 20% down it rents for an estimated $2,475/mo and returns -$559/mo a month at a 5.1% 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
- $2,475/mo
- Monthly cash flow
- -$559/mo
- Cap rate
- 5.1%
- Cash-on-cash
- -7.9%
- Max offer
- $292,500
Offer ≤ $292,500 (31% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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