2801 Flag Ave N APT 203New 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 2801 Flag Ave N APT 203, New Hope, MN, 55427 listed at $120,000 pairs $995/mo rent with a $587/mo payment. Total monthly income runs $995/mo. Return on cash invested measures 14.45% in year one, and rental yield registers 9.95% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 78.3% and total cumulative return in cash totals $31,147. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $995/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1970
3.29 Acres lot
$N/A/sqft
$427 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Scott Carlson • BRIX Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6740551
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