For saleMulti-family
$550,000
2701 Virginia Ave N
New Hope MN 55427
7 beds, 4 baths, 3,200 sqft
2701 Virginia Ave N is a 7 beds, 4 baths, 3,200 sqft multi-family home for sale at $550,000 in New Hope MN 55427. At 20% down it rents for an estimated $7,000/mo and returns $3,142/mo a month at a 13.4% 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
- $7,000/mo
- Monthly cash flow
- $3,142/mo
- Cap rate
- 13.4%
- Cash-on-cash
- 34.3%
- Max offer
- $550,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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