For saleSingle family
$424,500
316 1st Ave SE
New Brighton MN 55112
3 beds, 2 baths, 1,753 sqft
316 1st Ave SE is a 3 beds, 2 baths, 1,753 sqft single family home for sale at $424,500 in New Brighton MN 55112. At 20% down it rents for an estimated $2,150/mo and returns -$880/mo a month at a 4.2% 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
- $2,150/mo
- Monthly cash flow
- -$880/mo
- Cap rate
- 4.2%
- Cash-on-cash
- -12.4%
- Max offer
- $254,500
Offer ≤ $254,500 (40% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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