For saleSingle family
$199,000
1020 S Franklin St
New Ulm MN 56073
2 beds, 1 bath, 1,350 sqft
1020 S Franklin St is a 2 beds, 1 bath, 1,350 sqft single family home for sale at $199,000 in New Ulm MN 56073. At 20% down it rents for an estimated $1,300/mo and returns -$121/mo a month at a 5.9% 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
- $1,300/mo
- Monthly cash flow
- -$121/mo
- Cap rate
- 5.9%
- Cash-on-cash
- -3.6%
- Max offer
- $153,500
Offer ≤ $153,500 (23% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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