For saleSingle family
$499,900
216 10th Ave NE
Hutchinson MN 55350
3 beds, 2 baths, 1,650 sqft
216 10th Ave NE is a 3 beds, 2 baths, 1,650 sqft single family home for sale at $499,900 in Hutchinson MN 55350. At 20% down it rents for an estimated $1,575/mo and returns -$1,994/mo a month at a 1.9% 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
- $1,575/mo
- Monthly cash flow
- -$1,994/mo
- Cap rate
- 1.9%
- Cash-on-cash
- -23.9%
- Max offer
- $187,500
Offer ≤ $187,500 (62% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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