2800 Hillsboro Ave N APT 113New HopeMN55427
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in New Hope at 2800 Hillsboro Ave N APT 113, New Hope, MN, 55427 offers a 9.04% rental yield on a $134,900 purchase with $1,016/mo rent. 6% in year one. Equity gained on principal adds $870/yr while 5% annual appreciation supports $37,270 over five years. Portfolio math shows five-year ROI at 73.05% and total cumulative return in cash at $32,669. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,016/mo property income against a $660/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1970
3.33 Acres lot
$N/A/sqft
$409 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cheryl M Welle • Keller Williams Premier Realty Lake Minnetonka
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6744798
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