For saleSingle family
$339,000
701 1st St NE
New Prague MN 56071
5 beds, 1.5 baths, 2,148 sqft
701 1st St NE is a 5 beds, 1.5 baths, 2,148 sqft single family home for sale at $339,000 in New Prague MN 56071. At 20% down it rents for an estimated $2,800/mo and returns $422/mo a month at a 8.0% 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
- $2,800/mo
- Monthly cash flow
- $422/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 7.5%
- Max offer
- $335,000
Offer ≤ $335,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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