For saleMulti-family
$609,000
717 6th Ave S
Hopkins MN 55343
6 beds, 4 baths, 3,127 sqft
717 6th Ave S is a 6 beds, 4 baths, 3,127 sqft multi-family home for sale at $609,000 in Hopkins MN 55343. At 20% down it rents for an estimated $3,600/mo and returns -$748/mo a month at a 5.2% 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
- $3,600/mo
- Monthly cash flow
- -$748/mo
- Cap rate
- 5.2%
- Cash-on-cash
- -7.4%
- Max offer
- $426,000
Offer ≤ $426,000 (30% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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