For saleMulti-family
$649,900
309 5th Ave NW
New Prague MN 56071
8 beds, 4 baths, 3,876 sqft
309 5th Ave NW is a 8 beds, 4 baths, 3,876 sqft multi-family home for sale at $649,900 in New Prague MN 56071. At 20% down it rents for an estimated $4,750/mo and returns $192/mo a month at a 6.9% 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
- $4,750/mo
- Monthly cash flow
- $192/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.8%
- Max offer
- $569,000
Offer ≤ $569,000 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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