For saleMulti-family

$220,000

306 10th Ave NE

Rochester MN 55906

2 beds, 1 bath, 1,430 sqft

306 10th Ave NE is a 2 beds, 1 bath, 1,430 sqft multi-family home for sale at $220,000 in Rochester MN 55906. At 20% down it rents for an estimated $2,200/mo and returns $657/mo a month at a 10.1% 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
$2,200/mo
Monthly cash flow
$657/mo
Cap rate
10.1%
Cash-on-cash
17.9%
Max offer
$220,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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