For saleSingle family
$350,000
8711 61st Ave N
New Hope MN 55428
3 beds, 2 baths, 1,723 sqft
8711 61st Ave N is a 3 beds, 2 baths, 1,723 sqft single family home for sale at $350,000 in New Hope MN 55428. At 20% down it rents for an estimated $2,325/mo and returns -$174/mo a month at a 6.1% 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
- $2,325/mo
- Monthly cash flow
- -$174/mo
- Cap rate
- 6.1%
- Cash-on-cash
- -3.0%
- Max offer
- $274,500
Offer ≤ $274,500 (22% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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