For saleMulti-family
$299,000
669 Old Highway 8 NW
New Brighton MN 55112
4 beds, 2 baths, 864 sqft
669 Old Highway 8 NW is a 4 beds, 2 baths, 864 sqft multi-family home for sale at $299,000 in New Brighton MN 55112. At 20% down it rents for an estimated $2,550/mo and returns $416/mo a month at a 8.3% 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
- $2,550/mo
- Monthly cash flow
- $416/mo
- Cap rate
- 8.3%
- Cash-on-cash
- 8.3%
- Max offer
- $299,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading