For saleCondo
$134,900
908 9th Ave S Apt 7
Hopkins MN 55343
2 beds, 1 bath, 905 sqft
908 9th Ave S Apt 7 is a 2 beds, 1 bath, 905 sqft condo home for sale at $134,900 in Hopkins MN 55343. At 20% down it rents for an estimated $1,450/mo and returns $128/mo a month at a 7.8% 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
- $1,450/mo
- Monthly cash flow
- $128/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.7%
- Max offer
- $128,000
Offer ≤ $128,000 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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