For saleSingle family
$400,000
8616 34th Ave N
New Hope MN 55427
3 beds, 2 baths, 1,540 sqft
8616 34th Ave N is a 3 beds, 2 baths, 1,540 sqft single family home for sale at $400,000 in New Hope MN 55427. At 20% down it rents for an estimated $2,350/mo and returns -$506/mo a month at a 5.1% 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
- $2,350/mo
- Monthly cash flow
- -$506/mo
- Cap rate
- 5.1%
- Cash-on-cash
- -7.6%
- Max offer
- $278,000
Offer ≤ $278,000 (31% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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