For saleCondo
$198,000
1876 Deerhaven Ln NE Apt 2
Rochester MN 55906
3 beds, 1 bath, 1,088 sqft
1876 Deerhaven Ln NE Apt 2 is a 3 beds, 1 bath, 1,088 sqft condo home for sale at $198,000 in Rochester MN 55906. At 20% down it rents for an estimated $1,850/mo and returns $252/mo a month at a 8.0% 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
- $1,850/mo
- Monthly cash flow
- $252/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 7.6%
- Max offer
- $196,000
Offer ≤ $196,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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