For saleCondo
$165,000
1828 Perlich Ave Apt 1B
Red Wing MN 55066
2 beds, 1 bath, 999 sqft
1828 Perlich Ave Apt 1B is a 2 beds, 1 bath, 999 sqft condo home for sale at $165,000 in Red Wing MN 55066. At 20% down it rents for an estimated $1,500/mo and returns $188/mo a month at a 8.0% 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
- $188/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.8%
- Max offer
- $161,000
Offer ≤ $161,000 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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