For saleSingle family
$320,000
1350 5th Ave
Newport MN 55055
3 beds, 1 bath, 1,166 sqft
1350 5th Ave is a 3 beds, 1 bath, 1,166 sqft single family home for sale at $320,000 in Newport MN 55055. At 20% down it rents for an estimated $1,725/mo and returns -$559/mo a month at a 4.6% 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
- $1,725/mo
- Monthly cash flow
- -$559/mo
- Cap rate
- 4.6%
- Cash-on-cash
- -10.5%
- Max offer
- $204,000
Offer ≤ $204,000 (36% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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