For saleSingle family
$259,900
709 7th Ave S
Hopkins MN 55343
3 beds, 2 baths, 1,444 sqft
709 7th Ave S is a 3 beds, 2 baths, 1,444 sqft single family home for sale at $259,900 in Hopkins MN 55343. At 20% down it rents for an estimated $1,850/mo and returns $27/mo a month at a 6.6% 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
- $1,850/mo
- Monthly cash flow
- $27/mo
- Cap rate
- 6.6%
- Cash-on-cash
- 0.6%
- Max offer
- $221,500
Offer ≤ $221,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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