For saleSingle family
$428,000
218 W Park Rd
Hopkins MN 55343
3 beds, 2 baths, 2,081 sqft
218 W Park Rd is a 3 beds, 2 baths, 2,081 sqft single family home for sale at $428,000 in Hopkins MN 55343. At 20% down it rents for an estimated $2,150/mo and returns -$905/mo a month at a 4.1% 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
- -$905/mo
- Cap rate
- 4.1%
- Cash-on-cash
- -12.7%
- Max offer
- $254,500
Offer ≤ $254,500 (41% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading