For saleSingle family
$239,900
1020 N German St
New Ulm MN 56073
3 beds, 3 baths, 2,371 sqft
1020 N German St is a 3 beds, 3 baths, 2,371 sqft single family home for sale at $239,900 in New Ulm MN 56073. At 20% down it rents for an estimated $1,450/mo and returns -$263/mo a month at a 5.4% 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
- $1,450/mo
- Monthly cash flow
- -$263/mo
- Cap rate
- 5.4%
- Cash-on-cash
- -6.6%
- Max offer
- $171,500
Offer ≤ $171,500 (29% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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