For saleSingle family
$341,500
125 17th St
Newport MN 55055
4 beds, 2 baths, 1,950 sqft
125 17th St is a 4 beds, 2 baths, 1,950 sqft single family home for sale at $341,500 in Newport MN 55055. At 20% down it rents for an estimated $2,525/mo and returns $87/mo a month at a 7.0% 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
- $2,525/mo
- Monthly cash flow
- $87/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 1.5%
- Max offer
- $298,000
Offer ≤ $298,000 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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