For saleMulti-family
$494,900
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 $494,900 in Hopkins MN 55343. At 20% down it rents for an estimated $3,800/mo and returns $267/mo a month at a 7.3% 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
- $3,800/mo
- Monthly cash flow
- $267/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.2%
- Max offer
- $448,500
Offer ≤ $448,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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