For saleCondo
$109,900
10501 Cedar Lake Rd Apt 413
Hopkins MN 55305
1 bed, 1 bath, 840 sqft
10501 Cedar Lake Rd Apt 413 is a 1 bed, 1 bath, 840 sqft condo home for sale at $109,900 in Hopkins MN 55305. At 20% down it rents for an estimated $1,400/mo and returns $153/mo a month at a 8.3% 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
- $1,400/mo
- Monthly cash flow
- $153/mo
- Cap rate
- 8.3%
- Cash-on-cash
- 8.3%
- Max offer
- $109,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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