For saleCondo
$169,900
5650 Boone Ave N Apt 120
New Hope MN 55428
2 beds, 2 baths, 1,310 sqft
5650 Boone Ave N Apt 120 is a 2 beds, 2 baths, 1,310 sqft condo home for sale at $169,900 in New Hope MN 55428. At 20% down it rents for an estimated $1,525/mo and returns $57/mo a month at a 6.9% 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
- $1,525/mo
- Monthly cash flow
- $57/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 2.0%
- Max offer
- $148,500
Offer ≤ $148,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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