For saleSingle family
$275,000
8931 61st Ave N
New Hope MN 55428
3 beds, 1 bath, 1,423 sqft
8931 61st Ave N is a 3 beds, 1 bath, 1,423 sqft single family home for sale at $275,000 in New Hope MN 55428. At 20% down it rents for an estimated $2,325/mo and returns $362/mo a month at a 8.2% 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
- $2,325/mo
- Monthly cash flow
- $362/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 7.9%
- Max offer
- $274,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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