For saleSingle family
$179,500
1017 Pioneer Rd
Red Wing MN 55066
1 bed, 2 baths, 1,285 sqft
1017 Pioneer Rd is a 1 bed, 2 baths, 1,285 sqft single family home for sale at $179,500 in Red Wing MN 55066. At 20% down it rents for an estimated $1,325/mo and returns $66/mo a month at a 7.0% 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
- $1,325/mo
- Monthly cash flow
- $66/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 2.2%
- Max offer
- $158,500
Offer ≤ $158,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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