For saleCondo
$180,000
9400 Old Cedar Ave S Apt 102
Bloomington MN 55425
2 beds, 1 bath, 1,055 sqft
9400 Old Cedar Ave S Apt 102 is a 2 beds, 1 bath, 1,055 sqft condo home for sale at $180,000 in Bloomington MN 55425. At 20% down it rents for an estimated $2,000/mo and returns $125/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
- $2,000/mo
- Monthly cash flow
- $125/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 4.2%
- Max offer
- $165,000
Offer ≤ $165,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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