For saleSingle family
$359,000
8841 Nicollet Ave S
Bloomington MN 55420
3 beds, 1 bath, 1,721 sqft
8841 Nicollet Ave S is a 3 beds, 1 bath, 1,721 sqft single family home for sale at $359,000 in Bloomington MN 55420. At 20% down it rents for an estimated $2,300/mo and returns -$263/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
- $2,300/mo
- Monthly cash flow
- -$263/mo
- Cap rate
- 5.8%
- Cash-on-cash
- -4.4%
- Max offer
- $272,000
Offer ≤ $272,000 (24% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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