For saleMulti-family
$246,900
1033 3rd Ave SE
Rochester MN 55904
4 beds, 2 baths, 1,572 sqft
1033 3rd Ave SE is a 4 beds, 2 baths, 1,572 sqft multi-family home for sale at $246,900 in Rochester MN 55904. At 20% down it rents for an estimated $2,950/mo and returns $1,187/mo a month at a 12.4% 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
- $2,950/mo
- Monthly cash flow
- $1,187/mo
- Cap rate
- 12.4%
- Cash-on-cash
- 28.9%
- Max offer
- $246,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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