For saleSingle family
$149,900
516 N 11th St
New Ulm MN 56073
3 beds, 2 baths, 2,061 sqft
516 N 11th St is a 3 beds, 2 baths, 2,061 sqft single family home for sale at $149,900 in New Ulm MN 56073. At 20% down it rents for an estimated $1,450/mo and returns $380/mo a month at a 9.7% 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
- $380/mo
- Cap rate
- 9.7%
- Cash-on-cash
- 15.2%
- Max offer
- $149,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading