For saleSingle family
$215,000
1524 East Ave
Red Wing MN 55066
3 beds, 2 baths, 1,646 sqft
1524 East Ave is a 3 beds, 2 baths, 1,646 sqft single family home for sale at $215,000 in Red Wing MN 55066. At 20% down it rents for an estimated $1,925/mo and returns $417/mo a month at a 8.8% 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
- $417/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 11.6%
- Max offer
- $215,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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