For saleSingle family
$365,000
9100 34 1/2 Ave N
New Hope MN 55427
4 beds, 1.5 baths, 1,616 sqft
9100 34 1/2 Ave N is a 4 beds, 1.5 baths, 1,616 sqft single family home for sale at $365,000 in New Hope MN 55427. At 20% down it rents for an estimated $2,700/mo and returns $140/mo a month at a 7.0% 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
- $2,700/mo
- Monthly cash flow
- $140/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 2.3%
- Max offer
- $323,500
Offer ≤ $323,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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