For saleSingle family
$425,000
593 Continental Dr
New Brighton MN 55112
3 beds, 2 baths, 1,624 sqft
593 Continental Dr is a 3 beds, 2 baths, 1,624 sqft single family home for sale at $425,000 in New Brighton MN 55112. At 20% down it rents for an estimated $2,000/mo and returns -$1,034/mo a month at a 3.7% 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
- $2,000/mo
- Monthly cash flow
- -$1,034/mo
- Cap rate
- 3.7%
- Cash-on-cash
- -14.6%
- Max offer
- $237,000
Offer ≤ $237,000 (44% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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