For saleSingle family
$374,900
704 7th Ave S
Hopkins MN 55343
3 beds, 2 baths, 1,131 sqft
704 7th Ave S is a 3 beds, 2 baths, 1,131 sqft single family home for sale at $374,900 in Hopkins MN 55343. At 20% down it rents for an estimated $1,800/mo and returns -$876/mo a month at a 3.9% 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
- $1,800/mo
- Monthly cash flow
- -$876/mo
- Cap rate
- 3.9%
- Cash-on-cash
- -14.0%
- Max offer
- $213,500
Offer ≤ $213,500 (43% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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