For saleCondo
$105,000
920 6th St S Apt 5
Hopkins MN 55343
2 beds, 1 bath, 840 sqft
920 6th St S Apt 5 is a 2 beds, 1 bath, 840 sqft condo home for sale at $105,000 in Hopkins MN 55343. At 20% down it rents for an estimated $1,450/mo and returns $347/mo a month at a 10.6% 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
- $1,450/mo
- Monthly cash flow
- $347/mo
- Cap rate
- 10.6%
- Cash-on-cash
- 19.8%
- Max offer
- $105,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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