$84,900
2800 Hillsboro Ave N Apt 307
New Hope MN 55427
2 beds, 1.5 baths, 1,085 sqft
2800 Hillsboro Ave N Apt 307 is a 2 beds, 1.5 baths, 1,085 sqft condo home for sale at $84,900 in New Hope MN 55427. At 20% down it rents for an estimated $1,600/mo and returns $176/mo a month at a 9.2% 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
- $1,600/mo
- Monthly cash flow
- $176/mo
- Cap rate
- 9.2%
- Cash-on-cash
- 12.4%
- Max offer
- $84,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
$84,900
2800 Hillsboro Ave N Apt 307, New Hope MN 55427
Monthly payment
- Principal and interest
- $460
- Home insurance (estimate)
- $11
- HOA
- $857
Estimate only. The rate starts at the national 30 year average (Freddie Mac). Taxes come from the county rate on the listing; insurance is a typical amount for the area, not a quote.
Where it sits
2800 Hillsboro Ave N Apt 307 in context — the streets, water and amenities around it.
Information deemed reliable but not guaranteed. DealBumble is not the listing brokerage. School ratings, flood data and tax records come from third parties. Status can lag the MLS by up to about 12 hours.
Comments
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