For saleCondo

$200,000

10998 Quebec Ave S

Bloomington MN 55438

2 beds, 1 bath, 960 sqft

10998 Quebec Ave S is a 2 beds, 1 bath, 960 sqft condo home for sale at $200,000 in Bloomington MN 55438. At 20% down it rents for an estimated $2,050/mo and returns $236/mo a month at a 7.9% 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
$2,050/mo
Monthly cash flow
$236/mo
Cap rate
7.9%
Cash-on-cash
7.1%
Max offer
$196,000

Offer ≤ $196,000 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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