For saleCondo
$129,900
10301 Cedar Lake Rd Apt 201
Hopkins MN 55305
2 beds, 1 bath, 1,026 sqft
10301 Cedar Lake Rd Apt 201 is a 2 beds, 1 bath, 1,026 sqft condo home for sale at $129,900 in Hopkins MN 55305. At 20% down it rents for an estimated $1,700/mo and returns $292/mo a month at a 9.4% 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
- $1,700/mo
- Monthly cash flow
- $292/mo
- Cap rate
- 9.4%
- Cash-on-cash
- 13.5%
- Max offer
- $129,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading