For saleTownhouse
$269,900
833 Glen Rd
Newport MN 55055
3 beds, 3 baths, 1,540 sqft
833 Glen Rd is a 3 beds, 3 baths, 1,540 sqft townhouse home for sale at $269,900 in Newport MN 55055. At 20% down it rents for an estimated $1,800/mo and returns -$297/mo a month at a 5.3% 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
- -$297/mo
- Cap rate
- 5.3%
- Cash-on-cash
- -6.6%
- Max offer
- $188,000
Offer ≤ $188,000 (30% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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