For saleTownhouse
$280,000
5652 Winnetka Ave N
New Hope MN 55428
3 beds, 3 baths, 1,638 sqft
5652 Winnetka Ave N is a 3 beds, 3 baths, 1,638 sqft townhouse home for sale at $280,000 in New Hope MN 55428. At 20% down it rents for an estimated $1,850/mo and returns -$484/mo a month at a 4.6% 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
- $1,850/mo
- Monthly cash flow
- -$484/mo
- Cap rate
- 4.6%
- Cash-on-cash
- -10.4%
- Max offer
- $173,500
Offer ≤ $173,500 (38% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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