For saleCondo
$274,900
5651 138th St N
Hugo MN 55038
3 beds, 2.5 baths, 1,488 sqft
5651 138th St N is a 3 beds, 2.5 baths, 1,488 sqft condo home for sale at $274,900 in Hugo MN 55038. At 20% down it rents for an estimated $2,250/mo and returns $129/mo a month at a 7.1% 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
- $2,250/mo
- Monthly cash flow
- $129/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.8%
- Max offer
- $244,500
Offer ≤ $244,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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