For saleMulti-family
$339,900
214 1st Ave NW
New Prague MN 56071
2 beds, 2 baths, 1,600 sqft
214 1st Ave NW is a 2 beds, 2 baths, 1,600 sqft multi-family home for sale at $339,900 in New Prague MN 56071. At 20% down it rents for an estimated $2,400/mo and returns $16/mo a month at a 6.6% 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
- $2,400/mo
- Monthly cash flow
- $16/mo
- Cap rate
- 6.6%
- Cash-on-cash
- 0.3%
- Max offer
- $287,500
Offer ≤ $287,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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