For saleSingle family
$150,000
1223 S Jefferson St
New Ulm MN 56073
4 beds, 2 baths, 2,006 sqft
1223 S Jefferson St is a 4 beds, 2 baths, 2,006 sqft single family home for sale at $150,000 in New Ulm MN 56073. At 20% down it rents for an estimated $1,150/mo and returns $79/mo a month at a 7.3% 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
- $1,150/mo
- Monthly cash flow
- $79/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.2%
- Max offer
- $135,500
Offer ≤ $135,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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