For saleMulti-family
$249,500
603 23rd Ave SW
Rochester MN 55902
4 beds, 2 baths, 1,638 sqft
603 23rd Ave SW is a 4 beds, 2 baths, 1,638 sqft multi-family home for sale at $249,500 in Rochester MN 55902. At 20% down it rents for an estimated $2,600/mo and returns $819/mo a month at a 10.6% 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
- $2,600/mo
- Monthly cash flow
- $819/mo
- Cap rate
- 10.6%
- Cash-on-cash
- 19.7%
- Max offer
- $249,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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