For saleSingle family
$58,500
414 N Broadway St
New Ulm MN 56073
2 beds, 1.5 baths, 1,617 sqft
414 N Broadway St is a 2 beds, 1.5 baths, 1,617 sqft single family home for sale at $58,500 in New Ulm MN 56073. At 20% down it rents for an estimated $950/mo and returns $532/mo a month at a 17.6% 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
- $950/mo
- Monthly cash flow
- $532/mo
- Cap rate
- 17.6%
- Cash-on-cash
- 54.6%
- Max offer
- $58,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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