For saleSingle family
$977,700
18 Newcastle Ct
North Mankato MN 56003
6 beds, 4 baths, 5,562 sqft
18 Newcastle Ct is a 6 beds, 4 baths, 5,562 sqft single family home for sale at $977,700 in North Mankato MN 56003. At 20% down it rents for an estimated $2,525/mo and returns -$4,455/mo a month at a 1.2% 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
- $2,525/mo
- Monthly cash flow
- -$4,455/mo
- Cap rate
- 1.2%
- Cash-on-cash
- -27.3%
- Max offer
- $302,000
Offer ≤ $302,000 (69% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading