For saleCondo
$198,500
7301 W 101st St Unit 309
Bloomington MN 55438
2 beds, 1 bath, 970 sqft
7301 W 101st St Unit 309 is a 2 beds, 1 bath, 970 sqft condo home for sale at $198,500 in Bloomington MN 55438. At 20% down it rents for an estimated $1,900/mo and returns $50/mo a month at a 7.0% 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
- $1,900/mo
- Monthly cash flow
- $50/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 1.5%
- Max offer
- $171,500
Offer ≤ $171,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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