For saleSingle family
$189,900
719 N Spring St
New Ulm MN 56073
3 beds, 1 bath, 1,598 sqft
719 N Spring St is a 3 beds, 1 bath, 1,598 sqft single family home for sale at $189,900 in New Ulm MN 56073. At 20% down it rents for an estimated $1,450/mo and returns $94/mo a month at a 7.3% 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
- $1,450/mo
- Monthly cash flow
- $94/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.0%
- Max offer
- $171,000
Offer ≤ $171,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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