For saleCondo
$118,000
1001 11th Ave S Apt 5
Hopkins MN 55343
1 bed, 1 bath, 750 sqft
1001 11th Ave S Apt 5 is a 1 bed, 1 bath, 750 sqft condo home for sale at $118,000 in Hopkins MN 55343. At 20% down it rents for an estimated $1,275/mo and returns $131/mo a month at a 8.0% 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
- $1,275/mo
- Monthly cash flow
- $131/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.6%
- Max offer
- $114,500
Offer ≤ $114,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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