309 5th Ave NW

Cash flows

19 photos

Photos, via Realtor.com.

Asking price: $649,900
Monthly cash flow: $377
Estimated rent: $6,600/mo
Break-even price: $720,772

Adjust the numbers See the full breakdown

From the listing

Excellent investment opportunity in New Prague! This well-maintained 4-plex features four 2-bedroom, 1-bath units with strong rental history and recently renewed one-year leases, providing immediate and stable cash flow for the new owner. Each unit offers its own laundry room, deck or patio, and separately metered utilities. Major updates include newer roof, siding, and windows, helping minimize future maintenance expenses. The property also features a large parking lot and attractive outdoor living spaces for tenants. Whether you're a seasoned investor or looking to add your first multifamily property to your portfolio, this turnkey investment offers reliable income and long-term potential in the growing New Prague market. Schedule your showing today!

Description from Realtor.com, MLS #7087349. Believed reliable but not guaranteed; confirm with the listing agent. View on Realtor.com ↗

The numbers

Edit rents, costs and assumptions

Default: 20% down (no PMI), offer at asking, self-managed, 7.00% for 30 years, buyer pays closing costs (3%).

The deal

Price: $649,900
Cash to close: $149,477
Price per unit: $162,475
GRM: 8.2

Each month

Cash flow: $377/mo
Cash-on-cash: 3.0%
Cap rate: 7.1%
DSCR: 1.11×

Break-even

Price that breaks even: $720,772
Rent that breaks even: $6,110/mo

Long run

Year 30: property vs stocks: $3.41M vs $1.14M
Cash flow turns positive: year 1

Monthly

Monthly breakdown

Rent	$6,600
Vacancy (6%)	−$396
Collected	$6,204
Property tax Listing	−$465
Insurance Estimate	−$381
Water, sewer, trash Estimate	−$340
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (9% of rent)	−$594
Capital reserve (8% of rent)	−$528
Net operating income	$3,836
Mortgage (principal + interest)	−$3,459
Cash flow	$377
Principal paid down (equity, not cash)	$440

Cash flow each year

Rents +3%/yr, costs +3.5%/yr. Red bars are months you'd cover out of pocket.

30 years

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,577,478
Minus 6% selling cost	−$94,649
Minus loan still owedTenants' rent paid down all $584,910 of principal by year 30	$0
Plus rental profits, invested at 7%$723,383 of profit by year 30, before investment growth	$1,410,040
What you'd walk away with	$2,892,870
If you put the same money in stocks
Cash to close ($84,487) invested at 7%	$643,137
Monthly shortfalls ($12,210 total by yr 30) investedThe money you'd have put into the building while it lost money	$81,633
What you'd walk away with	$724,770
Building minus stocks	$2,168,100

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,577,478
Minus 6% selling cost	−$94,649
Minus loan still owedTenants' rent paid down all $584,910 of principal by year 30	$0
Plus rental profits, invested at 7%$437,177 of profit by year 30, before investment growth	$745,639
What you'd walk away with	$2,228,468
If you put the same money in stocks
Cash to close ($84,487) invested at 7%	$643,137
Monthly shortfalls ($44,774 total by yr 30) investedThe money you'd have put into the building while it lost money	$285,759
What you'd walk away with	$928,896
Building minus stocks	$1,299,572

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,553,205
Minus 6% selling cost	−$93,192
Minus loan still owedTenants' rent paid down all $575,910 of principal by year 30	$0
Plus rental profits, invested at 7%$742,065 of profit by year 30, before investment growth	$1,459,386
What you'd walk away with	$2,919,399
If you put the same money in stocks
Cash to close ($83,187) invested at 7%	$633,241
Monthly shortfalls ($9,066 total by yr 30) investedThe money you'd have put into the building while it lost money	$61,366
What you'd walk away with	$694,607
Building minus stocks	$2,224,792

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,553,205
Minus 6% selling cost	−$93,192
Minus loan still owedTenants' rent paid down all $575,910 of principal by year 30	$0
Plus rental profits, invested at 7%$454,166 of profit by year 30, before investment growth	$786,229
What you'd walk away with	$2,246,242
If you put the same money in stocks
Cash to close ($83,187) invested at 7%	$633,241
Monthly shortfalls ($39,938 total by yr 30) investedThe money you'd have put into the building while it lost money	$256,736
What you'd walk away with	$889,977
Building minus stocks	$1,356,265

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,577,478
Minus 6% selling cost	−$94,649
Minus loan still owedTenants' rent paid down all $519,920 of principal by year 30	$0
Plus rental profits, invested at 7%$884,377 of profit by year 30, before investment growth	$1,931,634
What you'd walk away with	$3,414,463
If you put the same money in stocks
Cash to close ($149,477) invested at 7%	$1,137,857
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$1,137,857
Building minus stocks	$2,276,606

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,577,478
Minus 6% selling cost	−$94,649
Minus loan still owedTenants' rent paid down all $519,920 of principal by year 30	$0
Plus rental profits, invested at 7%$568,849 of profit by year 30, before investment growth	$1,085,676
What you'd walk away with	$2,568,505
If you put the same money in stocks
Cash to close ($149,477) invested at 7%	$1,137,857
Monthly shortfalls ($3,242 total by yr 30) investedThe money you'd have put into the building while it lost money	$22,569
What you'd walk away with	$1,160,426
Building minus stocks	$1,408,079

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,553,205
Minus 6% selling cost	−$93,192
Minus loan still owedTenants' rent paid down all $511,920 of principal by year 30	$0
Plus rental profits, invested at 7%$903,538 of profit by year 30, before investment growth	$1,991,965
What you'd walk away with	$3,451,978
If you put the same money in stocks
Cash to close ($147,177) invested at 7%	$1,120,349
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$1,120,349
Building minus stocks	$2,331,629

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,553,205
Minus 6% selling cost	−$93,192
Minus loan still owedTenants' rent paid down all $511,920 of principal by year 30	$0
Plus rental profits, invested at 7%$586,732 of profit by year 30, before investment growth	$1,137,217
What you'd walk away with	$2,597,229
If you put the same money in stocks
Cash to close ($147,177) invested at 7%	$1,120,349
Monthly shortfalls ($1,965 total by yr 30) investedThe money you'd have put into the building while it lost money	$13,779
What you'd walk away with	$1,134,128
Building minus stocks	$1,463,101

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,577,478
Minus 6% selling cost	−$94,649
Minus loan still owedTenants' rent paid down all $487,425 of principal by year 30	$0
Plus rental profits, invested at 7%$962,206 of profit by year 30, before investment growth	$2,176,692
What you'd walk away with	$3,659,521
If you put the same money in stocks
Cash to close ($181,972) invested at 7%	$1,385,217
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$1,385,217
Building minus stocks	$2,274,304

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,577,478
Minus 6% selling cost	−$94,649
Minus loan still owedTenants' rent paid down all $487,425 of principal by year 30	$0
Plus rental profits, invested at 7%$643,435 of profit by year 30, before investment growth	$1,308,164
What you'd walk away with	$2,790,993
If you put the same money in stocks
Cash to close ($181,972) invested at 7%	$1,385,217
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$1,385,217
Building minus stocks	$1,405,776

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,553,205
Minus 6% selling cost	−$93,192
Minus loan still owedTenants' rent paid down all $479,925 of principal by year 30	$0
Plus rental profits, invested at 7%$980,169 of profit by year 30, before investment growth	$2,233,252
What you'd walk away with	$3,693,265
If you put the same money in stocks
Cash to close ($179,172) invested at 7%	$1,363,903
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$1,363,903
Building minus stocks	$2,329,362

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,553,205
Minus 6% selling cost	−$93,192
Minus loan still owedTenants' rent paid down all $479,925 of principal by year 30	$0
Plus rental profits, invested at 7%$661,398 of profit by year 30, before investment growth	$1,364,725
What you'd walk away with	$2,824,737
If you put the same money in stocks
Cash to close ($179,172) invested at 7%	$1,363,903
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$1,363,903
Building minus stocks	$1,460,834

Future dollars. At 3% inflation, divide year-30 figures by about 2.4 for today's buying power. Rental profits are assumed invested, not spent.

30 years: this property vs. the same money in stocks

This propertyStocks at 7%

Year 30 (loan paid off): property $3.41M, stocks $1.14M. The property wins.

Comparable rentals

The closest rental listings with each unit's bedroom count, as of 2026-10-04. The estimate is the median asking rent of every rental we found nearby (the count is shown for each); houses are left out. Asking rents from Realtor.com rental listings, not signed leases.

2 bed estimate $1,650/mo · range $1,100–$1,950 · 6 rentals within 9.75 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
507 Unit Northview, New Prague	$1,100	2 / 1	800	0.6 mi	2024-03-08	Apartment
1200 4th St NE, New Prague	$1,495	2 / 1.5	960	1.2 mi	2025-01-03	Apartment
102 Chalupsky Ave SE, New Prague	$2,150	2 / 2	1,082	1.4 mi	2025-07-25	Apartment
400 N Welco Dr Apt M2, Montgomery	$1,050	2 / 1	880	7.0 mi	—	Apartment
201 Eldorado Dr, Jordan	$1,890	2 / 2	1,031	8.8 mi	2025-06-17	Apartment
4396 220th St E Unit House, Prior Lake	$1,800	2 / 1	1,010	9.6 mi	2026-07-20	Apartment

On the maps, this property and comparable rentals. Comparable rentals and rent estimate: Realtor.com rental listings. Rents are asking rents from listings; check them against the actual leases.

Red flags and opportunities

Watch for

mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 309 5TH AVE NW

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 123 days on market

Questions for the agent

Can we see the current leases and a rent roll, with move-in dates?
What did water/sewer/trash, heat and electric cost the owner over the last 12 months?
How old are the roof, boiler or furnaces, water heaters and electrical panels?
Is the building licensed as a rental for this many units, and when was the last city inspection?
Any special assessments pending, and will the seller pay them off at closing?

Standard questions worth asking about any building.

What the records say

Where each number comes from

Property tax / yr Listinglisting, tax year 2026. The tax the listing states. If the seller lives there it may be at the lower homestead rate; an investor owner pays the non-homestead rate, often 20–40% more on the owner's unit.	$5,580
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$4,569
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$340
Heat / mo Assumptionassumption. tenants pay heat; confirm with the agent	$0
Lawn care / mo Assumptionassumption. $120/mo for 6 months, spread over 12; no snow removal	$60
Repairs / capital reserve Rulerule. 8 bedrooms: +1 pt repairs for wear	9% / 8%

Status history

2026-06-04New at $649,900

From the listing Listing

Listed as	four plex
Property tax, 2026	$5,580
County	Scott
Parcel number	240050210

As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.

Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with New Prague on rental licensing before you buy.