For saleSingle family
$184,900
1001 N Minnesota St
New Ulm MN 56073
3 beds, 2 baths, 1,940 sqft
1001 N Minnesota St is a 3 beds, 2 baths, 1,940 sqft single family home for sale at $184,900 in New Ulm MN 56073. At 20% down it rents for an estimated $1,450/mo and returns $153/mo a month at a 7.5% 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
- $153/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 5.0%
- Max offer
- $173,500
Offer ≤ $173,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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