For saleCondo
$112,000
2801 Flag Ave N Apt 102
New Hope MN 55427
1 bed, 1 bath, 741 sqft
2801 Flag Ave N Apt 102 is a 1 bed, 1 bath, 741 sqft condo home for sale at $112,000 in New Hope MN 55427. At 20% down it rents for an estimated $1,400/mo and returns $221/mo a month at a 8.9% 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
- $1,400/mo
- Monthly cash flow
- $221/mo
- Cap rate
- 8.9%
- Cash-on-cash
- 11.8%
- Max offer
- $112,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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