For saleSingle family
$264,999
1048 Putnam Ave
Red Wing MN 55066
3 beds, 2.5 baths, 1,702 sqft
1048 Putnam Ave is a 3 beds, 2.5 baths, 1,702 sqft single family home for sale at $264,999 in Red Wing MN 55066. At 20% down it rents for an estimated $1,925/mo and returns $66/mo a month at a 6.8% 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
- $1,925/mo
- Monthly cash flow
- $66/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.5%
- Max offer
- $230,500
Offer ≤ $230,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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