2800 Hillsboro Ave N APT 220New 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 220, New Hope, MN, 55427 listed at $137,000 pairs $1,060/mo rent with a $671/mo payment. Total monthly income runs $1,060/mo. Return on cash invested measures 15.26% in year one, and rental yield registers 9.28% at a $137,000 basis. Equity gained on principal adds $884/yr, and annual property appreciation at 5% supports $37,851 by year five. Five-year ROI tracks 81.71% and total cumulative return in cash totals $37,108. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,060/mo property income relative to a $671/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1970
N/A lot
$N/A/sqft
$380 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Cara Hobbs • River City Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6697932
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