For saleSingle family
$180,000
1005 S Minnesota St
New Ulm MN 56073
3 beds, 1 bath, 2,040 sqft
1005 S Minnesota St is a 3 beds, 1 bath, 2,040 sqft single family home for sale at $180,000 in New Ulm MN 56073. At 20% down it rents for an estimated $1,450/mo and returns $165/mo a month at a 7.8% 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
- $165/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.5%
- Max offer
- $171,000
Offer ≤ $171,000 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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