For saleCondo
$250,000
32 11th Ave S Apt 215
Hopkins MN 55343
2 beds, 2 baths, 1,262 sqft
32 11th Ave S Apt 215 is a 2 beds, 2 baths, 1,262 sqft condo home for sale at $250,000 in Hopkins MN 55343. At 20% down it rents for an estimated $1,800/mo and returns -$324/mo a month at a 5.1% 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
- $1,800/mo
- Monthly cash flow
- -$324/mo
- Cap rate
- 5.1%
- Cash-on-cash
- -7.8%
- Max offer
- $168,500
Offer ≤ $168,500 (33% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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