For saleSingle family
$183,900
211 N Washington St
New Ulm MN 56073
2 beds, 2 baths, 2,578 sqft
211 N Washington St is a 2 beds, 2 baths, 2,578 sqft single family home for sale at $183,900 in New Ulm MN 56073. At 20% down it rents for an estimated $950/mo and returns -$363/mo a month at a 4.3% 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
- -$363/mo
- Cap rate
- 4.3%
- Cash-on-cash
- -11.8%
- Max offer
- $112,500
Offer ≤ $112,500 (39% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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