For saleCondo
$119,900
5650 Boone Ave N Apt 319
New Hope MN 55428
1 bed, 1 bath, 836 sqft
5650 Boone Ave N Apt 319 is a 1 bed, 1 bath, 836 sqft condo home for sale at $119,900 in New Hope MN 55428. At 20% down it rents for an estimated $1,200/mo and returns -$435/mo a month at a 2.3% 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
- $1,200/mo
- Monthly cash flow
- -$435/mo
- Cap rate
- 2.3%
- Cash-on-cash
- -21.8%
- Max offer
- $46,000
Offer ≤ $46,000 (62% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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