For saleCondo

$189,900

6165 Chasewood Pkwy Apt 1

Hopkins MN 55343

2 beds, 2 baths, 1,096 sqft

6165 Chasewood Pkwy Apt 1 is a 2 beds, 2 baths, 1,096 sqft condo home for sale at $189,900 in Hopkins MN 55343. At 20% down it rents for an estimated $1,875/mo and returns $110/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
$1,875/mo
Monthly cash flow
$110/mo
Cap rate
7.2%
Cash-on-cash
3.5%
Max offer
$171,500

Offer ≤ $171,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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