For saleMulti-family
$464,900
305 Jackson Ave N
Hopkins MN 55343
6 beds, 2 baths, 3,331 sqft
305 Jackson Ave N is a 6 beds, 2 baths, 3,331 sqft multi-family home for sale at $464,900 in Hopkins MN 55343. At 20% down it rents for an estimated $4,600/mo and returns $1,339/mo a month at a 10.0% 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
- $4,600/mo
- Monthly cash flow
- $1,339/mo
- Cap rate
- 10.0%
- Cash-on-cash
- 17.3%
- Max offer
- $464,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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