For saleCondo
$329,900
1512 S Franklin St
New Ulm MN 56073
2 beds, 2 baths, 1,357 sqft
1512 S Franklin St is a 2 beds, 2 baths, 1,357 sqft condo home for sale at $329,900 in New Ulm MN 56073. At 20% down it rents for an estimated $1,300/mo and returns -$1,524/mo a month at a 1.1% 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
- $1,300/mo
- Monthly cash flow
- -$1,524/mo
- Cap rate
- 1.1%
- Cash-on-cash
- -27.7%
- Max offer
- $86,500
Offer ≤ $86,500 (74% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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