For saleCondo
$135,000
1502 5th St N Apt 303
Hopkins MN 55305
1 bed, 1 bath, 767 sqft
1502 5th St N Apt 303 is a 1 bed, 1 bath, 767 sqft condo home for sale at $135,000 in Hopkins MN 55305. At 20% down it rents for an estimated $1,375/mo and returns $18/mo a month at a 6.7% 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
- $1,375/mo
- Monthly cash flow
- $18/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.8%
- Max offer
- $114,500
Offer ≤ $114,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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