For saleSingle family
$295,000
816 W 5th St
Red Wing MN 55066
4 beds, 3 baths, 2,155 sqft
816 W 5th St is a 4 beds, 3 baths, 2,155 sqft single family home for sale at $295,000 in Red Wing MN 55066. At 20% down it rents for an estimated $2,350/mo and returns $244/mo a month at a 7.7% 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
- $244/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.0%
- Max offer
- $277,500
Offer ≤ $277,500 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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