For saleTownhouse
$335,000
6055 Iris Ln
Rockford MN 55373
2 beds, 2 baths, 1,481 sqft
6055 Iris Ln is a 2 beds, 2 baths, 1,481 sqft townhouse home for sale at $335,000 in Rockford MN 55373. At 20% down it rents for an estimated $950/mo and returns -$1,543/mo a month at a 1.1% 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
- $950/mo
- Monthly cash flow
- -$1,543/mo
- Cap rate
- 1.1%
- Cash-on-cash
- -27.6%
- Max offer
- $88,000
Offer ≤ $88,000 (74% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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