For saleMulti-family
$245,000
731 College Ave
Red Wing MN 55066
2 beds, 2 baths, 1,600 sqft
731 College Ave is a 2 beds, 2 baths, 1,600 sqft multi-family home for sale at $245,000 in Red Wing MN 55066. At 20% down it rents for an estimated $2,650/mo and returns $932/mo a month at a 11.1% 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
- $2,650/mo
- Monthly cash flow
- $932/mo
- Cap rate
- 11.1%
- Cash-on-cash
- 22.8%
- Max offer
- $245,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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