For saleSingle family
$162,000
1401 12th Ave
Newport MN 55055
4 beds, 1 bath, 828 sqft
1401 12th Ave is a 4 beds, 1 bath, 828 sqft single family home for sale at $162,000 in Newport MN 55055. At 20% down it rents for an estimated $2,675/mo and returns $1,519/mo a month at a 17.9% 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
- $2,675/mo
- Monthly cash flow
- $1,519/mo
- Cap rate
- 17.9%
- Cash-on-cash
- 56.2%
- Max offer
- $162,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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