For saleTownhouse
$239,900
2989 Boulder Ridge Dr NW
Rochester MN 55901
2 beds, 1 bath, 1,424 sqft
2989 Boulder Ridge Dr NW is a 2 beds, 1 bath, 1,424 sqft townhouse home for sale at $239,900 in Rochester MN 55901. At 20% down it rents for an estimated $2,150/mo and returns $232/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
- $2,150/mo
- Monthly cash flow
- $232/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.8%
- Max offer
- $229,000
Offer ≤ $229,000 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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