For saleSingle family
$285,000
333 8th Ave N
Hopkins MN 55343
3 beds, 1 bath, 972 sqft
333 8th Ave N is a 3 beds, 1 bath, 972 sqft single family home for sale at $285,000 in Hopkins MN 55343. At 20% down it rents for an estimated $2,150/mo and returns $115/mo a month at a 7.2% 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
- $2,150/mo
- Monthly cash flow
- $115/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 2.4%
- Max offer
- $253,500
Offer ≤ $253,500 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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