For saleSingle family
$245,000
817 S 5th St
New Ulm MN 56073
4 beds, 3 baths, 2,856 sqft
817 S 5th St is a 4 beds, 3 baths, 2,856 sqft single family home for sale at $245,000 in New Ulm MN 56073. At 20% down it rents for an estimated $1,150/mo and returns -$599/mo a month at a 3.7% 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
- $1,150/mo
- Monthly cash flow
- -$599/mo
- Cap rate
- 3.7%
- Cash-on-cash
- -14.7%
- Max offer
- $136,000
Offer ≤ $136,000 (44% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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