For saleSingle family
$480,000
6703 Simpson Rd SE
Rochester MN 55904
4 beds, 1.5 baths, 2,208 sqft
6703 Simpson Rd SE is a 4 beds, 1.5 baths, 2,208 sqft single family home for sale at $480,000 in Rochester MN 55904. At 20% down it rents for an estimated $3,900/mo and returns $473/mo a month at a 7.8% 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
- $3,900/mo
- Monthly cash flow
- $473/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.9%
- Max offer
- $460,000
Offer ≤ $460,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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