For saleSingle family
$469,990
533 Tulare Terrace
Newport MN 55055
3 beds, 1,742 sqft
533 Tulare Terrace is a 3 beds, 1,742 sqft single family home for sale at $469,990 in Newport MN 55055. At 20% down it rents for an estimated $1,800/mo and returns -$1,555/mo a month at a 2.7% 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
- $1,800/mo
- Monthly cash flow
- -$1,555/mo
- Cap rate
- 2.7%
- Cash-on-cash
- -19.9%
- Max offer
- $214,000
Offer ≤ $214,000 (54% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading