For saleSingle family
$365,000
40499 520th St
North Mankato MN 56003
3 beds, 2 baths, 1,920 sqft
40499 520th St is a 3 beds, 2 baths, 1,920 sqft single family home for sale at $365,000 in North Mankato MN 56003. At 20% down it rents for an estimated $2,000/mo and returns -$606/mo a month at a 4.7% 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
- $2,000/mo
- Monthly cash flow
- -$606/mo
- Cap rate
- 4.7%
- Cash-on-cash
- -10.0%
- Max offer
- $236,500
Offer ≤ $236,500 (35% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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