For saleCondo
$168,000
4151 Boone Ave N Apt 106
New Hope MN 55427
2 beds, 2 baths, 1,017 sqft
4151 Boone Ave N Apt 106 is a 2 beds, 2 baths, 1,017 sqft condo home for sale at $168,000 in New Hope MN 55427. At 20% down it rents for an estimated $1,400/mo and returns -$324/mo a month at a 4.3% 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
- $1,400/mo
- Monthly cash flow
- -$324/mo
- Cap rate
- 4.3%
- Cash-on-cash
- -11.6%
- Max offer
- $100,000
Offer ≤ $100,000 (40% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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