For saleMulti-family
$299,000
681 Old Highway 8 NW
New Brighton MN 55112
4 beds, 2 baths, 1,386 sqft
681 Old Highway 8 NW is a 4 beds, 2 baths, 1,386 sqft multi-family home for sale at $299,000 in New Brighton MN 55112. At 20% down it rents for an estimated $3,950/mo and returns $1,816/mo a month at a 14.0% 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
- $3,950/mo
- Monthly cash flow
- $1,816/mo
- Cap rate
- 14.0%
- Cash-on-cash
- 36.4%
- Max offer
- $299,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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