For saleTownhouse

$175,000

6020 Chasewood Pkwy Apt 203

Hopkins MN 55343

1 bed, 1 bath, 831 sqft

6020 Chasewood Pkwy Apt 203 is a 1 bed, 1 bath, 831 sqft townhouse home for sale at $175,000 in Hopkins MN 55343. At 20% down it rents for an estimated $1,600/mo and returns $157/mo a month at a 7.6% 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
$1,600/mo
Monthly cash flow
$157/mo
Cap rate
7.6%
Cash-on-cash
5.4%
Max offer
$165,000

Offer ≤ $165,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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