For saleTownhouse
$218,000
380 Frenn Ave
Red Wing MN 55066
3 beds, 2 baths, 1,402 sqft
380 Frenn Ave is a 3 beds, 2 baths, 1,402 sqft townhouse home for sale at $218,000 in Red Wing MN 55066. At 20% down it rents for an estimated $1,850/mo and returns $229/mo a month at a 7.9% 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
- $1,850/mo
- Monthly cash flow
- $229/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.3%
- Max offer
- $210,000
Offer ≤ $210,000 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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