For saleCondo
$225,000
9700 Portland Ave S Unit 331
Bloomington MN 55420
2 beds, 2 baths
9700 Portland Ave S Unit 331 is a 2 beds, 2 baths condo home for sale at $225,000 in Bloomington MN 55420. At 20% down it rents for an estimated $1,650/mo and returns -$959/mo a month at a 1.6% 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
- $1,650/mo
- Monthly cash flow
- -$959/mo
- Cap rate
- 1.6%
- Cash-on-cash
- -25.6%
- Max offer
- $68,500
Offer ≤ $68,500 (70% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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