For saleSingle family
$155,000
318 Minnesota St
Red Wing MN 55066
2 beds, 2 baths, 1,092 sqft
318 Minnesota St is a 2 beds, 2 baths, 1,092 sqft single family home for sale at $155,000 in Red Wing MN 55066. At 20% down it rents for an estimated $1,500/mo and returns $393/mo a month at a 9.7% 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
- $1,500/mo
- Monthly cash flow
- $393/mo
- Cap rate
- 9.7%
- Cash-on-cash
- 15.2%
- Max offer
- $155,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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