For saleSingle family
$85,900
407 Elm Dr Unit 114
Mankato MN 56001
3 beds, 2 baths
407 Elm Dr Unit 114 is a 3 beds, 2 baths single family home for sale at $85,900 in Mankato MN 56001. At 20% down it rents for an estimated $1,625/mo and returns $1,023/mo a month at a 20.8% 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
- $1,625/mo
- Monthly cash flow
- $1,023/mo
- Cap rate
- 20.8%
- Cash-on-cash
- 71.4%
- Max offer
- $85,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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