For saleSingle family
$220,000
1100 S State St
New Ulm MN 56073
3 beds, 2 baths, 2,240 sqft
1100 S State St is a 3 beds, 2 baths, 2,240 sqft single family home for sale at $220,000 in New Ulm MN 56073. At 20% down it rents for an estimated $1,450/mo and returns -$121/mo a month at a 6.0% 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
- -$121/mo
- Cap rate
- 6.0%
- Cash-on-cash
- -3.3%
- Max offer
- $171,000
Offer ≤ $171,000 (22% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading