For saleCondo
$129,900
819 11th Ave S Apt 7
Hopkins MN 55343
2 beds, 1 bath, 905 sqft
819 11th Ave S Apt 7 is a 2 beds, 1 bath, 905 sqft condo home for sale at $129,900 in Hopkins MN 55343. At 20% down it rents for an estimated $1,450/mo and returns $155/mo a month at a 8.1% 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
- $1,450/mo
- Monthly cash flow
- $155/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.2%
- Max offer
- $127,500
Offer ≤ $127,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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