For saleSingle family
$350,000
509 1st St N
Hopkins MN 55343
4 beds, 3 baths, 1,982 sqft
509 1st St N is a 4 beds, 3 baths, 1,982 sqft single family home for sale at $350,000 in Hopkins MN 55343. At 20% down it rents for an estimated $2,650/mo and returns $195/mo a month at a 7.2% 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
- $2,650/mo
- Monthly cash flow
- $195/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.3%
- Max offer
- $317,500
Offer ≤ $317,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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