For saleCondo
$119,000
1007 11th Ave S Apt 8
Hopkins MN 55343
2 beds, 1 bath, 924 sqft
1007 11th Ave S Apt 8 is a 2 beds, 1 bath, 924 sqft condo home for sale at $119,000 in Hopkins MN 55343. At 20% down it rents for an estimated $1,450/mo and returns $255/mo a month at a 9.2% 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
- $255/mo
- Cap rate
- 9.2%
- Cash-on-cash
- 12.9%
- Max offer
- $119,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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