For saleTownhouse
$250,000
6285 29th Ave NW
Rochester MN 55901
2 beds, 1.5 baths, 1,424 sqft
6285 29th Ave NW is a 2 beds, 1.5 baths, 1,424 sqft townhouse home for sale at $250,000 in Rochester MN 55901. At 20% down it rents for an estimated $2,150/mo and returns $165/mo a month at a 7.5% 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
- $2,150/mo
- Monthly cash flow
- $165/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.0%
- Max offer
- $229,000
Offer ≤ $229,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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