For saleSingle family
$299,900
3125 Boone Ave N
New Hope MN 55427
3 beds, 2 baths, 1,726 sqft
3125 Boone Ave N is a 3 beds, 2 baths, 1,726 sqft single family home for sale at $299,900 in New Hope MN 55427. At 20% down it rents for an estimated $2,200/mo and returns $59/mo a month at a 6.9% 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
- $2,200/mo
- Monthly cash flow
- $59/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.2%
- Max offer
- $259,500
Offer ≤ $259,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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