For saleSingle family
$350,000
3117 Boone Ave N
New Hope MN 55427
3 beds, 3 baths, 1,716 sqft
3117 Boone Ave N is a 3 beds, 3 baths, 1,716 sqft single family home for sale at $350,000 in New Hope MN 55427. At 20% down it rents for an estimated $2,200/mo and returns -$299/mo a month at a 5.6% 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
- $2,200/mo
- Monthly cash flow
- -$299/mo
- Cap rate
- 5.6%
- Cash-on-cash
- -5.1%
- Max offer
- $260,000
Offer ≤ $260,000 (26% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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