For saleMulti-family
$399,900
2663-2665 Rice Creek Ter
New Brighton MN 55112
4 beds, 2 baths, 3,484 sqft
2663-2665 Rice Creek Ter is a 4 beds, 2 baths, 3,484 sqft multi-family home for sale at $399,900 in New Brighton MN 55112. At 20% down it rents for an estimated $2,600/mo and returns -$255/mo a month at a 5.9% 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
- $2,600/mo
- Monthly cash flow
- -$255/mo
- Cap rate
- 5.9%
- Cash-on-cash
- -3.8%
- Max offer
- $307,000
Offer ≤ $307,000 (23% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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