For saleSingle family
$465,000
1501 Preston Ln
Hopkins MN 55343
3 beds, 2 baths, 1,910 sqft
1501 Preston Ln is a 3 beds, 2 baths, 1,910 sqft single family home for sale at $465,000 in Hopkins MN 55343. At 20% down it rents for an estimated $2,150/mo and returns -$1,170/mo a month at a 3.6% 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
- $2,150/mo
- Monthly cash flow
- -$1,170/mo
- Cap rate
- 3.6%
- Cash-on-cash
- -15.1%
- Max offer
- $255,000
Offer ≤ $255,000 (45% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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