For saleSingle family
$250,000
245 8th Ave N
Hopkins MN 55343
2 beds, 1 bath, 1,327 sqft
245 8th Ave N is a 2 beds, 1 bath, 1,327 sqft single family home for sale at $250,000 in Hopkins MN 55343. At 20% down it rents for an estimated $1,675/mo and returns -$110/mo a month at a 6.1% 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
- $1,675/mo
- Monthly cash flow
- -$110/mo
- Cap rate
- 6.1%
- Cash-on-cash
- -2.6%
- Max offer
- $198,000
Offer ≤ $198,000 (21% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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