For saleCondo
$209,000
4964 Emmit Dr N Unit 2
Hugo MN 55038
2 beds, 2 baths, 1,015 sqft
4964 Emmit Dr N Unit 2 is a 2 beds, 2 baths, 1,015 sqft condo home for sale at $209,000 in Hugo MN 55038. At 20% down it rents for an estimated $2,100/mo and returns $661/mo a month at a 10.5% 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
- $2,100/mo
- Monthly cash flow
- $661/mo
- Cap rate
- 10.5%
- Cash-on-cash
- 19.0%
- Max offer
- $209,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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