For saleSingle family
$325,000
619 7th St
Newport MN 55055
2 beds, 2 baths, 1,260 sqft
619 7th St is a 2 beds, 2 baths, 1,260 sqft single family home for sale at $325,000 in Newport MN 55055. At 20% down it rents for an estimated $1,400/mo and returns -$920/mo a month at a 3.3% 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
- $1,400/mo
- Monthly cash flow
- -$920/mo
- Cap rate
- 3.3%
- Cash-on-cash
- -17.0%
- Max offer
- $166,000
Offer ≤ $166,000 (49% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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