For saleCondo
$89,000
907 11th Ave S Apt 7
Hopkins MN 55343
1 bed, 1 bath, 700 sqft
907 11th Ave S Apt 7 is a 1 bed, 1 bath, 700 sqft condo home for sale at $89,000 in Hopkins MN 55343. At 20% down it rents for an estimated $1,275/mo and returns $253/mo a month at a 10.1% 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
- $253/mo
- Cap rate
- 10.1%
- Cash-on-cash
- 17.1%
- Max offer
- $89,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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