For saleSingle family
$374,900
506 1st Ave SE
New Prague MN 56071
4 beds, 3 baths, 2,590 sqft
506 1st Ave SE is a 4 beds, 3 baths, 2,590 sqft single family home for sale at $374,900 in New Prague MN 56071. At 20% down it rents for an estimated $2,750/mo and returns $121/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
- $2,750/mo
- Monthly cash flow
- $121/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.9%
- Max offer
- $329,500
Offer ≤ $329,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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