4151 Boone Ave N APT 202, New Hope, MN, 55427 | $253/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1108 sft

5697 Green Circle Dr APT 219, Minnetonka, MN, 55343

2 Bed
1 Bath
903 sft

6730 Vernon Ave S APT 107, Minneapolis, MN, 55436

3 Bed
1 Bath
1886 sft

3123 Knox Ave N, Minneapolis, MN, 55411

2 Bed
2 Bath
1050 sft

3461 Kent St APT 1209, Shoreview, MN, 55126

Nearby investment properties with comparable prices

3 Bed
1 Bath
1586 sft

3750 Sheridan Ave N, Minneapolis, MN, 55412

1 Bed
1 Bath
895 sft

4350 Brookside Ct APT 302, Edina, MN, 55436

2 Bed
2 Bath
1050 sft

3461 Kent St APT 1209, Shoreview, MN, 55126

1 Bed
1 Bath
600 sft

676 Ashland Ave APT 6, Saint Paul, MN, 55104

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New Hope at 4151 Boone Ave N APT 202, New Hope, MN, 55427 uses $58,013 cash to close to unlock $3,033/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $1,346/mo, and a $857/mo payment keeps the spread at $253/mo. Purchase price stands at $175,000, and rental yield measures 9.23% with $1,346/mo rent. Return on cash invested shows 25.14% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 130.97% and total cumulative return in cash records $75,979. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,346/mo property income covering a $857/mo payment rather than investor’s personal income.

Condo

Built in 1986

N/A lot

$N/A/sqft

No HOA