For saleCondo
$112,000
6007 W Broadway Ave Apt 303
New Hope MN 55428
2 beds, 1 bath, 814 sqft
6007 W Broadway Ave Apt 303 is a 2 beds, 1 bath, 814 sqft condo home for sale at $112,000 in New Hope MN 55428. At 20% down it rents for an estimated $1,400/mo and returns $120/mo a month at a 8.0% 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
- $120/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.4%
- Max offer
- $108,000
Offer ≤ $108,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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