For saleTownhouse
$274,900
7623 Elm Grove Ave
New Hope MN 55428
2 beds, 2 baths, 1,725 sqft
7623 Elm Grove Ave is a 2 beds, 2 baths, 1,725 sqft townhouse home for sale at $274,900 in New Hope MN 55428. At 20% down it rents for an estimated $1,400/mo and returns -$899/mo a month at a 2.7% 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
- $1,400/mo
- Monthly cash flow
- -$899/mo
- Cap rate
- 2.7%
- Cash-on-cash
- -19.6%
- Max offer
- $118,000
Offer ≤ $118,000 (57% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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