For saleSingle family
$359,900
2327 Lake Ave
New Ulm MN 56073
4 beds, 3 baths, 3,072 sqft
2327 Lake Ave is a 4 beds, 3 baths, 3,072 sqft single family home for sale at $359,900 in New Ulm MN 56073. At 20% down it rents for an estimated $1,150/mo and returns -$1,419/mo a month at a 1.9% 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
- $1,150/mo
- Monthly cash flow
- -$1,419/mo
- Cap rate
- 1.9%
- Cash-on-cash
- -23.7%
- Max offer
- $137,000
Offer ≤ $137,000 (62% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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