For saleCondo
$200,000
9700 Portland Ave S Unit 223
Bloomington MN 55420
2 beds, 2 baths, 1,334 sqft
9700 Portland Ave S Unit 223 is a 2 beds, 2 baths, 1,334 sqft condo home for sale at $200,000 in Bloomington MN 55420. At 20% down it rents for an estimated $1,650/mo and returns -$792/mo a month at a 1.9% 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
- $1,650/mo
- Monthly cash flow
- -$792/mo
- Cap rate
- 1.9%
- Cash-on-cash
- -23.8%
- Max offer
- $68,500
Offer ≤ $68,500 (66% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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