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 $2,000/mo and returns $608/mo a month at a 12.1% 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
- $2,000/mo
- Monthly cash flow
- $608/mo
- Cap rate
- 12.1%
- Cash-on-cash
- 28.1%
- Max offer
- $129,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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