For saleCondo
$324,900
3000 Saint Albans Mill Rd Apt 103
Hopkins MN 55305
2 beds, 1.5 baths, 1,318 sqft
3000 Saint Albans Mill Rd Apt 103 is a 2 beds, 1.5 baths, 1,318 sqft condo home for sale at $324,900 in Hopkins MN 55305. At 20% down it rents for an estimated $1,600/mo and returns -$1,150/mo a month at a 2.4% 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
- $1,600/mo
- Monthly cash flow
- -$1,150/mo
- Cap rate
- 2.4%
- Cash-on-cash
- -21.2%
- Max offer
- $128,500
Offer ≤ $128,500 (60% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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