For saleCondo
$179,900
2828 24th St NW Unit 4
Rochester MN 55901
2 beds, 2 baths, 1,248 sqft
2828 24th St NW Unit 4 is a 2 beds, 2 baths, 1,248 sqft condo home for sale at $179,900 in Rochester MN 55901. At 20% down it rents for an estimated $1,375/mo and returns $40/mo a month at a 6.9% 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
- $1,375/mo
- Monthly cash flow
- $40/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.3%
- Max offer
- $155,000
Offer ≤ $155,000 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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