For saleCondo
$203,000
32 11th Ave S Apt 216
Hopkins MN 55343
1 bed, 1 bath, 1,184 sqft
32 11th Ave S Apt 216 is a 1 bed, 1 bath, 1,184 sqft condo home for sale at $203,000 in Hopkins MN 55343. At 20% down it rents for an estimated $1,275/mo and returns -$535/mo a month at a 3.5% 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
- $1,275/mo
- Monthly cash flow
- -$535/mo
- Cap rate
- 3.5%
- Cash-on-cash
- -15.8%
- Max offer
- $103,000
Offer ≤ $103,000 (49% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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