For saleSingle family
$274,900
7613 53rd Ave N
New Hope MN 55428
4 beds, 2 baths, 2,403 sqft
7613 53rd Ave N is a 4 beds, 2 baths, 2,403 sqft single family home for sale at $274,900 in New Hope MN 55428. At 20% down it rents for an estimated $2,650/mo and returns $688/mo a month at a 9.7% 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
- $2,650/mo
- Monthly cash flow
- $688/mo
- Cap rate
- 9.7%
- Cash-on-cash
- 15.0%
- Max offer
- $274,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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