For saleCondo
$342,900
3531 Oakton Dr Apt 2004
Hopkins MN 55305
1 bed, 1 bath, 1,050 sqft
3531 Oakton Dr Apt 2004 is a 1 bed, 1 bath, 1,050 sqft condo home for sale at $342,900 in Hopkins MN 55305. At 20% down it rents for an estimated $1,250/mo and returns -$1,731/mo a month at a 0.6% 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
- $1,250/mo
- Monthly cash flow
- -$1,731/mo
- Cap rate
- 0.6%
- Cash-on-cash
- -30.3%
- Max offer
- $71,500
Offer ≤ $71,500 (79% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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