For saleCondo
$140,000
2801 Flag Ave N Apt 222
New Hope MN 55427
2 beds, 1.5 baths, 982 sqft
2801 Flag Ave N Apt 222 is a 2 beds, 1.5 baths, 982 sqft condo home for sale at $140,000 in New Hope MN 55427. At 20% down it rents for an estimated $1,600/mo and returns $96/mo a month at a 7.5% 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
- $1,600/mo
- Monthly cash flow
- $96/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.1%
- Max offer
- $128,500
Offer ≤ $128,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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