For saleCondo
$250,000
5217 Balmoral Ln
Bloomington MN 55437
3 beds, 2 baths, 1,312 sqft
5217 Balmoral Ln is a 3 beds, 2 baths, 1,312 sqft condo home for sale at $250,000 in Bloomington MN 55437. At 20% down it rents for an estimated $2,300/mo and returns $166/mo a month at a 7.3% 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
- $166/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 4.0%
- Max offer
- $228,500
Offer ≤ $228,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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