For saleCondo
$120,000
4045 Hodgson Rd Apt 317
Shoreview MN 55126
1 bed, 1 bath, 786 sqft
4045 Hodgson Rd Apt 317 is a 1 bed, 1 bath, 786 sqft condo home for sale at $120,000 in Shoreview MN 55126. At 20% down it rents for an estimated $1,375/mo and returns $88/mo a month at a 7.5% 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
- $1,375/mo
- Monthly cash flow
- $88/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.4%
- Max offer
- $111,000
Offer ≤ $111,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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