For saleSingle family
$289,900
8501 Nicollet Ave S
Bloomington MN 55420
3 beds, 2 baths, 1,275 sqft
8501 Nicollet Ave S is a 3 beds, 2 baths, 1,275 sqft single family home for sale at $289,900 in Bloomington MN 55420. At 20% down it rents for an estimated $2,400/mo and returns $367/mo a month at a 8.0% 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
- $2,400/mo
- Monthly cash flow
- $367/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 7.6%
- Max offer
- $287,500
Offer ≤ $287,500 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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