For saleCondo
$235,000
10924 Rhode Island Ave S
Bloomington MN 55438
2 beds, 2 baths, 1,344 sqft
10924 Rhode Island Ave S is a 2 beds, 2 baths, 1,344 sqft condo home for sale at $235,000 in Bloomington MN 55438. At 20% down it rents for an estimated $1,900/mo and returns -$165/mo a month at a 5.8% 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
- -$165/mo
- Cap rate
- 5.8%
- Cash-on-cash
- -4.2%
- Max offer
- $175,500
Offer ≤ $175,500 (25% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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