For saleCondo
$119,900
1004 Westbrooke Way Apt 8
Hopkins MN 55343
1 bed, 1 bath, 704 sqft
1004 Westbrooke Way Apt 8 is a 1 bed, 1 bath, 704 sqft condo home for sale at $119,900 in Hopkins MN 55343. At 20% down it rents for an estimated $1,300/mo and returns $87/mo a month at a 7.4% 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
- $1,300/mo
- Monthly cash flow
- $87/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.4%
- Max offer
- $110,500
Offer ≤ $110,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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