For saleSingle family
$279,900
1907 Gernentz Ln
Red Wing MN 55066
4 beds, 2 baths, 2,211 sqft
1907 Gernentz Ln is a 4 beds, 2 baths, 2,211 sqft single family home for sale at $279,900 in Red Wing MN 55066. At 20% down it rents for an estimated $2,350/mo and returns $352/mo a month at a 8.2% 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
- $2,350/mo
- Monthly cash flow
- $352/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 7.5%
- Max offer
- $277,000
Offer ≤ $277,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading