For saleCondo
$164,900
1826 Deerhaven Ln NE Apt 16
Rochester MN 55906
2 beds, 1 bath, 992 sqft
1826 Deerhaven Ln NE Apt 16 is a 2 beds, 1 bath, 992 sqft condo home for sale at $164,900 in Rochester MN 55906. At 20% down it rents for an estimated $1,500/mo and returns $98/mo a month at a 7.4% 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
- $1,500/mo
- Monthly cash flow
- $98/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.6%
- Max offer
- $149,500
Offer ≤ $149,500 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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