For saleSingle family
$259,000
700 N State St
New Ulm MN 56073
4 beds, 1 bath, 2,233 sqft
700 N State St is a 4 beds, 1 bath, 2,233 sqft single family home for sale at $259,000 in New Ulm MN 56073. At 20% down it rents for an estimated $1,850/mo and returns $33/mo a month at a 6.7% 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
- $1,850/mo
- Monthly cash flow
- $33/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.8%
- Max offer
- $221,500
Offer ≤ $221,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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