For saleTownhouse
$459,990
674 Tulare Ter
Newport MN 55055
3 beds, 3.5 baths, 2,166 sqft
674 Tulare Ter is a 3 beds, 3.5 baths, 2,166 sqft townhouse home for sale at $459,990 in Newport MN 55055. At 20% down it rents for an estimated $1,800/mo and returns -$1,600/mo a month at a 2.5% 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
- $1,800/mo
- Monthly cash flow
- -$1,600/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -20.9%
- Max offer
- $185,500
Offer ≤ $185,500 (60% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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