For saleCondo
$157,500
3917 Heritage Hills Dr Apt 102
Bloomington MN 55437
2 beds, 2 baths, 1,050 sqft
3917 Heritage Hills Dr Apt 102 is a 2 beds, 2 baths, 1,050 sqft condo home for sale at $157,500 in Bloomington MN 55437. At 20% down it rents for an estimated $1,600/mo and returns $109/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
- $1,600/mo
- Monthly cash flow
- $109/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 4.1%
- Max offer
- $144,500
Offer ≤ $144,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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