For saleSingle family
$223,000
1743 Reichert Ave
Red Wing MN 55066
3 beds, 1.5 baths, 1,696 sqft
1743 Reichert Ave is a 3 beds, 1.5 baths, 1,696 sqft single family home for sale at $223,000 in Red Wing MN 55066. At 20% down it rents for an estimated $1,925/mo and returns $361/mo a month at a 8.5% 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
- $361/mo
- Cap rate
- 8.5%
- Cash-on-cash
- 9.7%
- Max offer
- $223,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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