For saleCondo

$169,900

4045 Hodgson Rd Apt 211

Shoreview MN 55126

2 beds, 1 bath, 1,037 sqft

4045 Hodgson Rd Apt 211 is a 2 beds, 1 bath, 1,037 sqft condo home for sale at $169,900 in Shoreview MN 55126. At 20% down it rents for an estimated $2,025/mo and returns $373/mo a month at a 9.2% 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
$2,025/mo
Monthly cash flow
$373/mo
Cap rate
9.2%
Cash-on-cash
13.2%
Max offer
$169,900

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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