For saleCondo
$199,000
5317 Highpointe Ter
Bloomington MN 55437
2 beds, 1 bath, 1,088 sqft
5317 Highpointe Ter is a 2 beds, 1 bath, 1,088 sqft condo home for sale at $199,000 in Bloomington MN 55437. At 20% down it rents for an estimated $1,800/mo and returns $141/mo a month at a 7.5% 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
- $1,800/mo
- Monthly cash flow
- $141/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.2%
- Max offer
- $183,500
Offer ≤ $183,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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