For saleTownhouse
$384,000
673 Tulare Ter
Newport MN 55055
3 beds, 2.5 baths, 1,722 sqft
673 Tulare Ter is a 3 beds, 2.5 baths, 1,722 sqft townhouse home for sale at $384,000 in Newport MN 55055. At 20% down it rents for an estimated $1,800/mo and returns -$1,072/mo a month at a 3.3% 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
- $1,800/mo
- Monthly cash flow
- -$1,072/mo
- Cap rate
- 3.3%
- Cash-on-cash
- -16.8%
- Max offer
- $187,500
Offer ≤ $187,500 (51% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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