For saleSingle family
$315,000
5956 Ensign Ave N
New Hope MN 55428
3 beds, 1 bath, 968 sqft
5956 Ensign Ave N is a 3 beds, 1 bath, 968 sqft single family home for sale at $315,000 in New Hope MN 55428. At 20% down it rents for an estimated $2,400/mo and returns $191/mo a month at a 7.2% 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
- $2,400/mo
- Monthly cash flow
- $191/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.6%
- Max offer
- $287,500
Offer ≤ $287,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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