For saleCondo
$112,500
711 11th Ave S Apt 1
Hopkins MN 55343
1 bed, 1 bath, 704 sqft
711 11th Ave S Apt 1 is a 1 bed, 1 bath, 704 sqft condo home for sale at $112,500 in Hopkins MN 55343. At 20% down it rents for an estimated $1,275/mo and returns $96/mo a month at a 7.7% 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
- $1,275/mo
- Monthly cash flow
- $96/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.1%
- Max offer
- $105,500
Offer ≤ $105,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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