For saleCondo
$150,000
9600 Portland Ave S Apt 222
Bloomington MN 55420
1 bed, 1 bath, 1,044 sqft
9600 Portland Ave S Apt 222 is a 1 bed, 1 bath, 1,044 sqft condo home for sale at $150,000 in Bloomington MN 55420. At 20% down it rents for an estimated $1,500/mo and returns -$608/mo a month at a 1.8% 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
- $1,500/mo
- Monthly cash flow
- -$608/mo
- Cap rate
- 1.8%
- Cash-on-cash
- -24.3%
- Max offer
- $49,500
Offer ≤ $49,500 (67% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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