For saleSingle family
$259,900
405 S Washington St
New Ulm MN 56073
3 beds, 2 baths, 3,374 sqft
405 S Washington St is a 3 beds, 2 baths, 3,374 sqft single family home for sale at $259,900 in New Ulm MN 56073. At 20% down it rents for an estimated $1,450/mo and returns -$405/mo a month at a 4.8% 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
- $1,450/mo
- Monthly cash flow
- -$405/mo
- Cap rate
- 4.8%
- Cash-on-cash
- -9.4%
- Max offer
- $171,500
Offer ≤ $171,500 (34% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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