For saleSingle family
$350,000
3609 Decatur Ave N
New Hope MN 55427
4 beds, 2 baths, 1,569 sqft
3609 Decatur Ave N is a 4 beds, 2 baths, 1,569 sqft single family home for sale at $350,000 in New Hope MN 55427. At 20% down it rents for an estimated $2,800/mo and returns $301/mo a month at a 7.7% 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
- $2,800/mo
- Monthly cash flow
- $301/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.2%
- Max offer
- $330,500
Offer ≤ $330,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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