For saleSingle family
$235,000
1107 N Broadway St
New Ulm MN 56073
2 beds, 1 bath, 1,760 sqft
1107 N Broadway St is a 2 beds, 1 bath, 1,760 sqft single family home for sale at $235,000 in New Ulm MN 56073. At 20% down it rents for an estimated $950/mo and returns -$728/mo a month at a 3.0% 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
- -$728/mo
- Cap rate
- 3.0%
- Cash-on-cash
- -18.6%
- Max offer
- $112,500
Offer ≤ $112,500 (52% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading