For saleCondo
$97,772
814 9th Ave S Apt 4
Hopkins MN 55343
1 bed, 1 bath, 660 sqft
814 9th Ave S Apt 4 is a 1 bed, 1 bath, 660 sqft condo home for sale at $97,772 in Hopkins MN 55343. At 20% down it rents for an estimated $1,275/mo and returns $195/mo a month at a 9.1% 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
- $1,275/mo
- Monthly cash flow
- $195/mo
- Cap rate
- 9.1%
- Cash-on-cash
- 12.0%
- Max offer
- $97,772
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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