For saleTownhouse
$305,000
7744 Elm Grove Ct
New Hope MN 55428
4 beds, 2.5 baths, 2,619 sqft
7744 Elm Grove Ct is a 4 beds, 2.5 baths, 2,619 sqft townhouse home for sale at $305,000 in New Hope MN 55428. At 20% down it rents for an estimated $2,675/mo and returns $213/mo a month at a 7.4% 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
- $2,675/mo
- Monthly cash flow
- $213/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.2%
- Max offer
- $280,000
Offer ≤ $280,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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