For saleTownhouse
$167,400
8016 51st Ave N
New Hope MN 55428
2 beds, 1.5 baths, 768 sqft
8016 51st Ave N is a 2 beds, 1.5 baths, 768 sqft townhouse home for sale at $167,400 in New Hope MN 55428. At 20% down it rents for an estimated $1,525/mo and returns $178/mo a month at a 7.8% 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
- $1,525/mo
- Monthly cash flow
- $178/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 6.4%
- Max offer
- $161,500
Offer ≤ $161,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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