For saleCondo
$220,000
8341 Lyndale Ave S Apt 419
Bloomington MN 55420
2 beds, 2 baths, 1,255 sqft
8341 Lyndale Ave S Apt 419 is a 2 beds, 2 baths, 1,255 sqft condo home for sale at $220,000 in Bloomington MN 55420. At 20% down it rents for an estimated $1,625/mo and returns -$515/mo a month at a 3.9% 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
- $1,625/mo
- Monthly cash flow
- -$515/mo
- Cap rate
- 3.9%
- Cash-on-cash
- -14.0%
- Max offer
- $119,500
Offer ≤ $119,500 (46% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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