For saleSingle family
$372,900
324 S State St
New Ulm MN 56073
3 beds, 2 baths, 3,534 sqft
324 S State St is a 3 beds, 2 baths, 3,534 sqft single family home for sale at $372,900 in New Ulm MN 56073. At 20% down it rents for an estimated $1,450/mo and returns -$1,212/mo a month at a 2.8% 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
- -$1,212/mo
- Cap rate
- 2.8%
- Cash-on-cash
- -19.5%
- Max offer
- $172,000
Offer ≤ $172,000 (54% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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