For saleSingle family
$374,900
8941 48th Ave N
New Hope MN 55428
4 beds, 2.5 baths, 2,151 sqft
8941 48th Ave N is a 4 beds, 2.5 baths, 2,151 sqft single family home for sale at $374,900 in New Hope MN 55428. At 20% down it rents for an estimated $2,700/mo and returns $71/mo a month at a 6.7% 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
- $2,700/mo
- Monthly cash flow
- $71/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 1.1%
- Max offer
- $323,500
Offer ≤ $323,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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