For saleCondo
$175,000
4151 Boone Ave N Apt 202
New Hope MN 55427
2 beds, 2 baths, 1,041 sqft
4151 Boone Ave N Apt 202 is a 2 beds, 2 baths, 1,041 sqft condo home for sale at $175,000 in New Hope MN 55427. At 20% down it rents for an estimated $1,575/mo and returns $60/mo a month at a 6.9% 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
- $1,575/mo
- Monthly cash flow
- $60/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 2.1%
- Max offer
- $153,000
Offer ≤ $153,000 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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