For saleSingle family
$599,000
23 Holiday Ct
North Mankato MN 56003
3 beds, 3.5 baths, 3,430 sqft
23 Holiday Ct is a 3 beds, 3.5 baths, 3,430 sqft single family home for sale at $599,000 in North Mankato MN 56003. At 20% down it rents for an estimated $2,000/mo and returns -$2,276/mo a month at a 2.1% 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
- $2,000/mo
- Monthly cash flow
- -$2,276/mo
- Cap rate
- 2.1%
- Cash-on-cash
- -22.8%
- Max offer
- $238,000
Offer ≤ $238,000 (60% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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