For saleCondo
$134,900
909 11th Ave S Apt 8
Hopkins MN 55343
2 beds, 1 bath, 905 sqft
909 11th Ave S Apt 8 is a 2 beds, 1 bath, 905 sqft condo home for sale at $134,900 in Hopkins MN 55343. At 20% down it rents for an estimated $1,450/mo and returns $113/mo a month at a 7.7% 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
- $113/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.0%
- Max offer
- $126,500
Offer ≤ $126,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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