For saleSingle family
$329,900
8820 60th Ave N
New Hope MN 55428
4 beds, 2 baths, 1,926 sqft
8820 60th Ave N is a 4 beds, 2 baths, 1,926 sqft single family home for sale at $329,900 in New Hope MN 55428. At 20% down it rents for an estimated $2,675/mo and returns $320/mo a month at a 7.8% 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
- $2,675/mo
- Monthly cash flow
- $320/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.8%
- Max offer
- $315,500
Offer ≤ $315,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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