For saleMulti-family
$530,000
2817 Flag Ave N
New Hope MN 55427
8 beds, 4 baths, 3,162 sqft
2817 Flag Ave N is a 8 beds, 4 baths, 3,162 sqft multi-family home for sale at $530,000 in New Hope MN 55427. At 20% down it rents for an estimated $4,600/mo and returns $883/mo a month at a 8.5% 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
- $4,600/mo
- Monthly cash flow
- $883/mo
- Cap rate
- 8.5%
- Cash-on-cash
- 10.0%
- Max offer
- $530,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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