For saleTownhouse
$315,000
5516 Elm Grove Ct
New Hope MN 55428
4 beds, 3.5 baths, 2,247 sqft
5516 Elm Grove Ct is a 4 beds, 3.5 baths, 2,247 sqft townhouse home for sale at $315,000 in New Hope MN 55428. At 20% down it rents for an estimated $2,675/mo and returns $147/mo a month at a 7.1% 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
- $2,675/mo
- Monthly cash flow
- $147/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.8%
- Max offer
- $280,500
Offer ≤ $280,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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