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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