For saleCondo
$269,900
649 Old Highway 8 NW Apt 306
New Brighton MN 55112
2 beds, 2 baths, 1,307 sqft
649 Old Highway 8 NW Apt 306 is a 2 beds, 2 baths, 1,307 sqft condo home for sale at $269,900 in New Brighton MN 55112. At 20% down it rents for an estimated $1,500/mo and returns -$860/mo a month at a 2.8% 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
- $1,500/mo
- Monthly cash flow
- -$860/mo
- Cap rate
- 2.8%
- Cash-on-cash
- -19.1%
- Max offer
- $118,500
Offer ≤ $118,500 (56% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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