For saleMulti-family
$299,000
602 3rd St N
Princeton MN 55371
5 beds, 3 baths, 2,568 sqft
602 3rd St N is a 5 beds, 3 baths, 2,568 sqft multi-family home for sale at $299,000 in Princeton MN 55371. At 20% down it rents for an estimated $3,450/mo and returns $1,316/mo a month at a 11.9% 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
- $3,450/mo
- Monthly cash flow
- $1,316/mo
- Cap rate
- 11.9%
- Cash-on-cash
- 26.4%
- Max offer
- $299,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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