For saleCondo
$254,990
220 Broadway Ave S Apt 911
Rochester MN 55904
2 beds, 2 baths, 1,075 sqft
220 Broadway Ave S Apt 911 is a 2 beds, 2 baths, 1,075 sqft condo home for sale at $254,990 in Rochester MN 55904. At 20% down it rents for an estimated $1,675/mo and returns -$505/mo a month at a 4.3% 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
- $1,675/mo
- Monthly cash flow
- -$505/mo
- Cap rate
- 4.3%
- Cash-on-cash
- -11.9%
- Max offer
- $150,000
Offer ≤ $150,000 (41% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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