For saleTownhouse
$300,000
5403 Elm Grove Ave
New Hope MN 55428
3 beds, 2 baths, 1,470 sqft
5403 Elm Grove Ave is a 3 beds, 2 baths, 1,470 sqft townhouse home for sale at $300,000 in New Hope MN 55428. At 20% down it rents for an estimated $1,850/mo and returns -$637/mo a month at a 4.1% 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
- $1,850/mo
- Monthly cash flow
- -$637/mo
- Cap rate
- 4.1%
- Cash-on-cash
- -12.7%
- Max offer
- $171,000
Offer ≤ $171,000 (43% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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