For saleMulti-family
$400,000
314 and 316 Pershing Ave N
New Prague MN 56071
6 beds, 2 baths, 2,534 sqft
314 and 316 Pershing Ave N is a 6 beds, 2 baths, 2,534 sqft multi-family home for sale at $400,000 in New Prague MN 56071. At 20% down it rents for an estimated $3,550/mo and returns $745/mo a month at a 8.8% 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
- $3,550/mo
- Monthly cash flow
- $745/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 11.2%
- Max offer
- $400,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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