For saleSingle family
$299,900
1640 1st Ave NE
Rochester MN 55906
4 beds, 2 baths, 2,120 sqft
1640 1st Ave NE is a 4 beds, 2 baths, 2,120 sqft single family home for sale at $299,900 in Rochester MN 55906. At 20% down it rents for an estimated $2,225/mo and returns $84/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
- $2,225/mo
- Monthly cash flow
- $84/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 1.7%
- Max offer
- $262,500
Offer ≤ $262,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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