For saleSingle family
$379,500
9097 Northwood Pkwy
New Hope MN 55427
3 beds, 2 baths, 1,857 sqft
9097 Northwood Pkwy is a 3 beds, 2 baths, 1,857 sqft single family home for sale at $379,500 in New Hope MN 55427. At 20% down it rents for an estimated $2,300/mo and returns -$409/mo a month at a 5.4% 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
- $2,300/mo
- Monthly cash flow
- -$409/mo
- Cap rate
- 5.4%
- Cash-on-cash
- -6.5%
- Max offer
- $272,000
Offer ≤ $272,000 (28% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading