For saleSingle family
$450,000
1500 11th Ave
Newport MN 55055
2 beds, 3.5 baths, 2,871 sqft
1500 11th Ave is a 2 beds, 3.5 baths, 2,871 sqft single family home for sale at $450,000 in Newport MN 55055. At 20% down it rents for an estimated $1,300/mo and returns -$1,912/mo a month at a 1.6% 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
- $1,300/mo
- Monthly cash flow
- -$1,912/mo
- Cap rate
- 1.6%
- Cash-on-cash
- -25.5%
- Max offer
- $155,000
Offer ≤ $155,000 (66% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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