For saleCondo
$129,900
2801 Flag Ave N Apt 212
New Hope MN 55427
2 beds, 1.5 baths, 1,000 sqft
2801 Flag Ave N Apt 212 is a 2 beds, 1.5 baths, 1,000 sqft condo home for sale at $129,900 in New Hope MN 55427. At 20% down it rents for an estimated $1,600/mo and returns $162/mo a month at a 8.2% 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
- $1,600/mo
- Monthly cash flow
- $162/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 7.5%
- Max offer
- $128,500
Offer ≤ $128,500 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading