For saleCondo

$175,000

4045 Hodgson Rd Apt 312

Shoreview MN 55126

2 beds, 2 baths, 1,327 sqft

4045 Hodgson Rd Apt 312 is a 2 beds, 2 baths, 1,327 sqft condo home for sale at $175,000 in Shoreview MN 55126. At 20% down it rents for an estimated $2,025/mo and returns $238/mo a month at a 8.1% 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
$2,025/mo
Monthly cash flow
$238/mo
Cap rate
8.1%
Cash-on-cash
8.2%
Max offer
$175,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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