For saleSingle family
$254,900
422 S Broadway St
New Ulm MN 56073
5 beds, 3 baths, 3,584 sqft
422 S Broadway St is a 5 beds, 3 baths, 3,584 sqft single family home for sale at $254,900 in New Ulm MN 56073. At 20% down it rents for an estimated $2,050/mo and returns $262/mo a month at a 7.8% 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
- $2,050/mo
- Monthly cash flow
- $262/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.2%
- Max offer
- $245,500
Offer ≤ $245,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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