For saleCondo
$239,900
5201 Balmoral Ln
Bloomington MN 55437
3 beds, 2 baths, 1,312 sqft
5201 Balmoral Ln is a 3 beds, 2 baths, 1,312 sqft condo home for sale at $239,900 in Bloomington MN 55437. At 20% down it rents for an estimated $2,300/mo and returns $90/mo a month at a 7.0% 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
- $2,300/mo
- Monthly cash flow
- $90/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 2.3%
- Max offer
- $210,500
Offer ≤ $210,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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