For saleCondo
$89,900
323 N German St Unit 2B
New Ulm MN 56073
2 beds, 1 bath, 759 sqft
323 N German St Unit 2B is a 2 beds, 1 bath, 759 sqft condo home for sale at $89,900 in New Ulm MN 56073. At 20% down it rents for an estimated $950/mo and returns $332/mo a month at a 11.1% 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
- $950/mo
- Monthly cash flow
- $332/mo
- Cap rate
- 11.1%
- Cash-on-cash
- 22.2%
- Max offer
- $89,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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