For saleSingle family
$600,055
551 Tulare Ter
Newport MN 55055
3 beds, 2 baths, 1,892 sqft
551 Tulare Ter is a 3 beds, 2 baths, 1,892 sqft single family home for sale at $600,055 in Newport MN 55055. At 20% down it rents for an estimated $2,425/mo and returns -$1,859/mo a month at a 2.9% 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
- $2,425/mo
- Monthly cash flow
- -$1,859/mo
- Cap rate
- 2.9%
- Cash-on-cash
- -18.6%
- Max offer
- $288,000
Offer ≤ $288,000 (52% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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