For saleTownhouse
$350,000
2078 Mainstreet
Hopkins MN 55343
3 beds, 3 baths, 1,704 sqft
2078 Mainstreet is a 3 beds, 3 baths, 1,704 sqft townhouse home for sale at $350,000 in Hopkins MN 55343. At 20% down it rents for an estimated $1,900/mo and returns -$863/mo a month at a 3.7% 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
- $1,900/mo
- Monthly cash flow
- -$863/mo
- Cap rate
- 3.7%
- Cash-on-cash
- -14.8%
- Max offer
- $185,000
Offer ≤ $185,000 (47% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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