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 $2,200/mo and returns -$226/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
- $2,200/mo
- Monthly cash flow
- -$226/mo
- Cap rate
- 5.9%
- Cash-on-cash
- -4.0%
- Max offer
- $260,000
Offer ≤ $260,000 (24% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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