For saleSingle family
$300,000
3617 Boone Ave N
New Hope MN 55427
3 beds, 1 bath, 1,354 sqft
3617 Boone Ave N is a 3 beds, 1 bath, 1,354 sqft single family home for sale at $300,000 in New Hope MN 55427. At 20% down it rents for an estimated $2,300/mo and returns $158/mo a month at a 7.3% 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
- $158/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.2%
- Max offer
- $271,500
Offer ≤ $271,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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